RE:RE:The TSX is at record highs yet TCM is down!
JJ,
Nice to see the move up. I still think you have on overly simplistic view to TCM's future. They currently have nearly 100 million a year interest on their debt. They have over 900 million in debt to pay off over the next five years. They had the Endako boondoggle that cost them several hundred million. Endako continues to be a high cost operation. At The TC mine it will take somewhere around 9 months to get to phase 8 at a cost of around 87-100 million. They only have ore to operate for a few more months. If they want to make the gamble on phase 8, they need get moving now or all cash flow from the TC mine will cease in Q4.
If it were so simple and the their success was a guarantee the stock would not be sitting below 3 USD.