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.