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TRX Gold Ord Shs V.TRX


Primary Symbol: T.TRX Alternate Symbol(s):  TRX

TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.


TSX:TRX - Post by User

Comment by kuatoliveson Jan 27, 2015 7:34pm
212 Views
Post# 23370217

RE:RE:revenue

RE:RE:revenueYeah, even with 0 growth from here on in, you're looking at 22-25M in revenue for 2015. Using the 50% growth guidance Mr. Harris has given (CEO's RARELY if EVER, speculate about next year's earnings unless they're damned sure, or a crook), we're likely looking at 30M, and that's without any additional licensing deals or acquisitions.  That's putting the company today at a value of 2.36x earnings. Merus, by comparison is running at a valuation of closer to 5x earnings and is not EBITA positive with a garbage outlook. To reach the 'lofty garbage' levels of Merus (a dog, by most people's standards), TRX would need to be trading around $1.40. This is without mentioning Uracyst or Bezalip or Bilastine. Buy as much as possible. The risk of an overweight position in this case is certainly justified.  
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