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Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Bullboard Posts
Post by MrAndersonon Jan 30, 2015 11:14am
147 Views
Post# 23381904

300000 oz stockpile worth almost as much as curr mkt cap

300000 oz stockpile worth almost as much as curr mkt capThe 300,000 oz is worth a gross value of $360,000,000.  The processing costs of this stockpile would be much lower then their currently posted cash processing costs as its already been blasted out and hauled to the stockpile.  So its possible it could be worth $180,000,000 net of processing,   And our market cap is what $250,0000,000 or a bit less.  Someone could almost buy us just to get that pile of dirt alone and the mill and lands would be almost free.  
Bullboard Posts