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Transatlantic Mining Corp V.TCO

Alternate Symbol(s):  TRRGF

Transatlantic Mining Corp. is a Canada-based precious and base metal explorer. The Company is engaged in the acquisition and exploration of mineral property interests, such as the Golden Jubilee and Miller Mine Gold Property and the Monitor Copper/Gold Property. It has property interests including an 80% joint venture position on the Monitor Copper-Gold project in Montana-Idaho and 100% of the Golden Jubilee Gold Project with its associated mining rights. The Company has an extended lease, right to mine and purchase arrangement for the Miller Gold Mine in Montana. The Golden Jubilee Property is located in Granite County, Montana, about 20 kilometers (km) from the township of Phillipsburg. The property lies on the famous Red Lion corridor. The Miller Mine Gold Property is located in Broadwater County, Montana, about 30 km from the township of Helena. The Monitor Project is located along the eastern extension of North Idaho’s Coeur dAlene Mining District.


TSXV:TCO - Post by User

Bullboard Posts
Post by GUNSSon May 19, 2016 4:55pm
286 Views
Post# 24890138

This company being pitched as new mgmt team, new story

This company being pitched as new mgmt team, new storyRob Tindall has been traveling the world telling the new Transatlantic Mining story. It's simple, don't look backwards, nothing to see, move along, move along now.

Looking forward, probably a capital raise in next few weeks, but the raise is said to put the company in the position to possibly reach cashflow break-even in August.  

Both Rob T. and Bernie SosTak are receiving good reviews from investors new to the name.

The company's internal economics allow for upside above the base case. For example, on the gold/silver prices, they're using something like $1,150/oz gold & $15.5/oz silver for the entire 5 year mine-life.

Upside is also possible from the assumed recovery rates, from throughput (initially 300tpd) and from higher grades. The company believes that they have a conservative model that, again, could allow for cashflow breakeven by August. 
Bullboard Posts