Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 soladadeson Aug 28, 2012 10:38pm
270 Views
Post# 20272389

RE: RE: Discussion from Eric Sprott

RE: RE: Discussion from Eric Sprott

I agree "ABE" - cash costs of ~$700 are actually pretty darn decent this day and age - many are reporting $900+ even $1000/oz. And Sprott, sure he's had a rough go the last little bit, but you are discounting the 30+%/yr he returned for many years prior. He will have his day again - mark my words. "The first 10 years of the 21st century was the decade for gold - the next 10 years will be the decade for silver"! he is quoted as saying. You certainly can't blame him for the sheety markets for PMs the past 2 years.

WIth TMM's expanded production to 8000 tpd flat out, we should see ~ 120,000 - 130,000 oz/year by the end of this year. Just need to shore up the books/debt etc. and TMM should be a cashcow with Au prices above $1600/oz. IMO. TP of $4 is easily attainable by meeting production guidance. Also, don't forget the resource drilling - hopefully some nice expansion of the "ounces in the ground".

Bullboard Posts