common sense and independant thinking with no vendetta`s
Erik Bermel, M Partners (11/5/13) "Timmins Gold Corp. released an updated resource estimate and mine plan for its San Francisco mine, which extended mine life from 5 years to 9.5 years as reserves grew by 20% (after depletion). . .[our] confidence is increased in the company's ability to generate positive free cash flow (FCF). . .we believe that as Timmins demonstrates the ability to generate FCF in both the near and long term, it should rerate toward similar cost-structure peers, which trade at a premium. . .we believe that the increased mine life should support our view that multiple expansion is likely allowing the company to rerate toward peers."