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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Comment by MisterBon Feb 09, 2016 8:15am
176 Views
Post# 24538726

RE:RE:RE:Gold will break 1300 this Qtr & TGD will hit between .50-60

RE:RE:RE:Gold will break 1300 this Qtr & TGD will hit between .50-60 I would love to share your optimism on gold reaching $1300 this qtr, but I can't see it happening - too fast of a rise, too soon (only 7 weeks left in the Q).  I would suspect we may see more of a climb this Q, but I would also expect some consolidation and profit taking in the current range.

For TMM, I'd be happy to see the POG move close to $1250, which should result in a re-rating of TMM considering San Fransisco.  A range between $1250 and $1300 would certainly result in analysts revisiting old share price targets but with a revised model considering the lower grade, mine plan and gold output.  This would be fantastic for TMM and shareholders that "bought the dip" in Dec/Jan.

I would also think that if a company is looking at acquiring TMM, the recent POG price increase would make any acquirer want to solidify it sooner rather than later.

All in all, positive moves for POG and TMM operationally.  I'm optimistic for 2016.

B


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