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TRX Gold Ord Shs V.TRX


Primary Symbol: 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

Comment by kuatoliveson Jun 17, 2015 12:42pm
171 Views
Post# 23840006

RE:A nice buy -- 2.5 multiple and acretive

RE:A nice buy -- 2.5 multiple and acretive Yeah, once the runway is paved, debt is a good vehicle to rasie capital since you can outgrow the 'scale' of the debt through business development in no time. The growth story here is pretty amazing, but I won't pretend to be able to wrap my head around it all just now - which is why it's pretty important to have justifyable faith in management. Investing in people over companies produces higher returns everytime. The more you look at the POZN deal, the more you realize how advantageous it is to TRX over just a quick outright sale for a higher price. I still think Aralez is being setup to be itself taken over by a company in the 1 to 1.5 Billion range with the whole kit and kaboodle moved to Ireland.

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