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TRX Gold Ord Shs 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

Bullboard Posts
Comment by beelzeebuub1on May 08, 2015 10:55pm
137 Views
Post# 23710826

RE:TRX from $ 0.44 to $ 0.35 ?

RE:TRX from $ 0.44 to $ 0.35 ?

I've followed this company for sometime and see a disconnect between the share price
and the value underlying this company.    As this seems to be a point of maximum pessimistic sentiment, my thesis is we will be looking at a serious bargain in hindsight..   I don't drink the pro-gold or anti-gold kool aid, I look at the people around the company, the resource and the
historical trajectory of events..   I hope we can see 50 cents at least next week but if not, my next add will be somewhere below 40 cents if I get that lucky...  According to the link below, about 2 years ago, the CEO pegged the value of the shares at $44 !!..   if that still holds (I know that is a real strecher), then we are looking at a 100 bagger from these price levels... Better than a lottery ticket if you ask me.. so turn 1000 shares from $440 or so to $44,000 ?  That sure would be nice if I can hold for 2 to 5 years... ..do your own dd.



https://www.goldsilverdata.com/company/461-Tanzanian-Royalty-Exploration-Corp.html?gclid=CPXBi5aAs8UCFVGUfgodegIAew
Bullboard Posts