Teranga Gold Corporation T.TGZ

RE:RE:My Thoughts

[99999gold]

ts9222 wrote: I don't think they're just breaking even. They state "In 2015, the Company expects to generate free cash flow at $1200 per ounce gold even after funding its organic growth initiatives."

Look at Q4, they paid down $15m debt and added $7.7m cash. That's a net $22.7m cash increase in just one quarter. And they sold only 63k oz out of the 71k oz produced.

Granted Q4 great result was from mining higher grade. But they will be mining high grade Masato throughout the year. One of the filings estimated the high grade portion of Masato was 300k oz, more than one years worth. And the recent drill results with wide 50m high grades were greater tonnage than originally expected. They only started mining the surface of Masato.

Then there is the high grade Gora and Kerekounda pits which can add another 2 years. They have high grade lined up for the next 3 years.

you think or you know?