RE:RE:All I needed to seeI agree, this statement "Due to the recent rise in gold prices, we are evaluating the possibility of mine life extension beyond 2016. In the meantime, we remain on track to achieve 2016 objectives, which is to produce between 75,000 and 85,000 gold ounces at a cash cost of $750 to $850 per gold ounce." and how it is articulated during the conference call is the most significant part of this report as it adds a good .30 cents to analysts estimates, bringing share price forecasts to around .75 cents/share (if and when mine operation extension is confirmed).
We all knew, based on the operational results provided earlier, that the Q was going to be a difficult one. I must say, I was disappointed with the costs not decreasing as significantly as I expected (while some increased) among a few other things.
On the positive side, Q4 was at $1111 gold, and gold is up 10% which will translate to the bottom line. With a clean balance sheet and Q4 reporting behind TMM, the new fiscal looks to be a positive one. With TMM rangebound for a month, I think TMM is on the cusp of moving beyond the range with the fed announcement complete, the FY results complete.
This is certainly a takeout candidate as gold steadies or moves up.
B