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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Bullboard Posts
Comment by RoyalBlueon Jun 15, 2011 4:09pm
234 Views
Post# 18720527

RE: RE: RE: tara hassan

RE: RE: RE: tara hassanPeople are taking the Sprott loan the wrong way. It's more simple than people are making out. You have to think long-term. Bruce believes in along-term gold bull market with much higher prices ahead. Thereforeborrowing dollars to find more gold now is ano-brainer. If you are spending a measly $10 to find a $1500 ounce of gold, and that ounce of gold is going to double in the years ahead, wouldn't you want to find as many ounces as you can as quickly as possible? The loan is an investment...you need to invest cash to get a return. I think it's a great move.
Bullboard Posts