Teranga Gold Corporation T.TGZ

Casey Gathers Top Gold Expert

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At times like this, I like to invest most of my money in companies that already have real assets. One example is Teranga Gold Corp. (TGZ:TSX; TGZ:ASX). Franco-Nevada has a royalty deal, so we did our due diligence and valued it at about $300 million ($300M) in 2013, which is slightly less than the total amount of money that’s been spent building the mill and mine, and it doesn’t even account for the reserve! Four months ago, the stock was $0.35/share for a company with a $100M market cap. It has a mine and mill producing 200,000 oz per year at fairly cheap costs, and the market was willing to let it go for $0.35/share. That’s the kind of crazy opportunities that are out there.