RE:$0.83ts9222 wrote: TGZ deserves to be at minimum $0.83, the price of it's recent financing.
> 200k oz at a 200m market cap is way too low for a producer with no debt and generating a lot of free cash flow.
I agree too low even at 83, the mill alone is valued at 300m+ add the ounces on the ground and we're looking at 1.50 at 1200 gold. My personal target and if everything stays as is in terms of gold and oil price by end of 2016 is 2.75-3. One more thing I don't believe these rumours of a buy out - no balls and it's not accretive to their bottom line at best minimal to either Rangold or Acacia but if they do then f*ck it.
In the meantime TG should pay out a one time dividend of 2c a share - why 2? That's approximately 7m+ added to the balance sheet.
But just like everything in life it's all in due time.