RE:RE:$.02 Per Share Beats $.01 EstimateTreetop2 wrote:
Piper, I agree the AISC is "unbelievable" - cus it's not really true. The 'real' AISC is equal to or greater than their revenue, because they have to spend everything that comes in. And they can't afford exploration any more, so no way to replace mined ounces. That is not "sustaining".
Yes TGZ is a cash cow - but only to Franco Nevada!
Just thought I'd clarify your points.
I am still watching for bargains to pick up in gold, but TGZ is not going to be one of them.
That's cool Treetop. I noticed they had less cash on hand q over q. So yes they are burning thru it at this gold price. I still think they have something good going if gold can get to $1300 and stay there. The sp will start to move before gold gets to that level, but gold has to start to move in the right direction first and stop going down. The US dollar is on fire today and that is not good. Oil was heading up with it today for awhile, that was interesting, but now oil has gone red before the pits close. What plays are you thinking treetop. Have you looked at NMI?? Used to be CRK. It pretty much is an exact comparison to TGZ for cash on hand, revenues, AISC, gold production. Only I think a better management team, they are exploring and hitting some good gold, safer jurisdiction and they seem to have an appetite for growth, where TGZ seems to be closing in on themselves just trying to get by.