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Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Bullboard Posts
Comment by MrAndersonon Apr 07, 2016 1:40am
133 Views
Post# 24739566

RE:RE:RE High Target

RE:RE:RE High TargetThis is reasonable, but to get your full amount would require that you get a portion of it every year over the next 11 years as they mine it.  Yes the price of gold may go up or down over that time and the cost of mining it may also fluctuate.  So what you need to do is discount your price some amount if you want all of that money right now.  In my opinion someone might want to pay $1 today and get back 2.40 CDN over 11 years,  that is a return of 140% over 11 years so about 8% a year, a good return.  So todays price is undervalued but I personally dont think it is undervalued as much as you are predicting.  Again just my opinion, I am a shareholder, I am positive just not as much as you.  On the other hand none of this accounts for the other potential reserves, increases in gold prices, and potential discoveries, so hopefully there is some other upsides here.
Bullboard Posts