Lex Corp Newsletter on TGZ
Lex Corp News Letter - Teranga Gold -TGZ- Free Cash flow , no debt, low cost gold producer image: https://www.stockhouse.com/CMSModules/Avatars/CMSPages/GetAvatar.aspx?avatarguid=8833ad6f-3839-4ac2-b9e6-f5e292ac7b3b&maxsidesize=38 LexLuthor2 Report abuse 78 Reads | 0 Comments | Posted on May 26, 2015 LexLuthor2 image: https://www.stockhouse.com/Stockhouse/images/stars-mask.png 4 stars • image: https://www.stockhouse.com/Stockhouse/images/favourites.png Add blog to favourites Teranaga Gold is one of my favorite gold producers. The company now has no debt and is a free cash flow generator. Teranga has a large resource base of 6.1Moz in Measured and Indicated (inclusive of reserves) and 2.4Moz in Inferred with ability to convert resources into reserves and make new discoveries Mining cost are dropping and the total cash cost are a levels that would make some major producers jealous. I believe Teranga Gold will be taken out sometime in 2015 by another producer. "Rumour" was that Rob McEwen might of been interested. The company should have another mine Gora adding an addition 50,000-75,000 oz of gold in Q2 2015 to their current production. Annual Meeting Presentation: https://www.terangagold.com/files/doc_presentations/2015/new/05-12-15AGM-Slides-FINAL_v001_t95qlo.pdf Management at Teranga has done an amazing job bring this junior into production. I expect to see more analyst start covering this stock. Why Invest Video: https://www.terangagold.tv/video/13ff7199bcd09776f5f140174199de53/terangagold.com Take advantage of any weakness in this stock. Teranga will be almost a 240,000oz gold producer in 2015 with very attractive cash cost. I currently hold a position and will be accumulating on weakness. At .75c I feel like it's taking candy from a baby. Lex Corp News Letter Read more at https://www.stockhouse.com/blogs/the-lex-corp-news-letter/may-2015/lex-corp-news-letter-teranga-gold-tgz-free-cash-flow-,-no-debt,-low-cost-gold-producer#ppTxAGC53Fo2GK0C.99