Added a few moreTimmins should do 90,000 oz at $450/oz in 2010. 90,000 X $650/oz = 58.5million cashflow divided by FD shares of 143million = .41/share cashflow in 2010. To get to a normal 10X cashflow for a producing junior, TMM.v would have to increase to $4.10/share or triple today's price.
Need to prove up more reserves at San Francisco mine and hopefully get encouraging drill results from one of their other prospects to put some sizzle into the stock. Would be nice if TIM shows some Penasquito like grades to tempt neighbor Goldcorp.