...From Gold and Silver Data .com...

Temex Resources is a near-term producer in Canada.The Whitney 
project has a $2 million capex to begin bulk mining to a toll mill. 
This will be low production, but will provide cash flow. Phase 2 
is underground mining below the surface bulk mining, beginning 
in 2016 or 2017. They have not given guidance for production 
rates for the bulk mining or the underground mining in phase 2. 
They have a FD market cap of $7 million reflecting the current climate 
of low valuations for gold in the ground. Their Juby project is an ideal
location in Ontario with 4 million oz (1 gpt), yet they can’t get any
interest in their stock. They have $2 million in cash, so the risk is
probably pretty low buying it this cheap. They think Juby could be a
5 to 10 million oz project. 

Whitney is a 60/40 JV with Goldcorp. They released a 43-101 resource
estimate for 700,000 oz (5 gpt of surface gold) and it should grow in
size. At Juby they are drilling at Hydro Creek, Big Dome, and Golden 
Creek. All of these have returned good grade surface gold. Hopefully
they will take the cash flow at Whitney and develop Juby. The Juby 
project could make this a 100 bagger if they build and operate it. 

They also have a silver project (Gowanda) that has an existing mine 
that produced 40 million oz. Gowanda has 3 million oz of tailings
(3 million x $20 = $60 million). If they drill Gowanda and find 15 million
oz, then that could be a mine too.

Buying a stock in Ontario with 4.4 million oz of quality surface gold for
$1.50 per oz seems like a no brainer. However, we don't know if they
are going to build Juby, and it is going to take at least 6 or 7 years
until production. A PEA is not planned for 2015 and perhaps not for 2016 
Juby might not see production until 2022.

Take care...this one could be fun to watch from this level
Bob