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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 zzthnxon Sep 02, 2011 6:56pm
225 Views
Post# 19008742

RE: RE: RE: TMM news - andyman

RE: RE: RE: TMM news - andyman"Bingo, I took a large position in NWM a couple of weeks ago"Andy, I own both TMM and NWM and have been hoping for awhile that Timmins will take out NWM, but I'm not so sure that because of the fact that because Timmins is drilling up gold wherever they look, that they will think it prudent to spend a third of their market cap (or around $125 million, which I estimate might be close to what they would have to pay to buy NWM) for a company that projects production of around 40,000 ounces for 2012 and currently has 43-101 reserves of less than 400k if I remember correctly.I'd love to see it happen, but can you please share your reasons for believing that TMM will take out NWM?Cheers, zz
Bullboard Posts