Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jul 21, 2016 4:37pm
173 Views
Post# 25073892

Transatlantic Mining TCO.v

Transatlantic Mining TCO.v I've been buying this stock for almost 3 months. It's my largest position by a fair amount, which I'm not prepared to brag about just yet. 

This is a new mgmt team and a new project. The gold price has bounced from about $1,100/oz to $1,330/oz since the time that management negotiated their newest play -- the US Grant Mine & Mill in Montana. 

Pro forma for a 50 million share placement at 5c, the new outstanding share count will be 186.3 million. That's a large # of shares, but the market cap is C$11 million = US$ 8.6 million. Management's stated goal is to (initially) produce at an annual run-rate of 20,000 gold equivalent ounces by next year.

The key of course is whether that means by 1q 2017 or 4q 2017. I'm assuming that they might reach a run-rate of 20k gold equivalent ounces within 1 year. 

20k ounces may not sound like much, but at a US$500/oz margin, that would be US$ 10 million in free cash flow for a company with a US$ 8.6mm pro forma market cap.... 

That means In a year or less, the Company could have an Enterprise Value of zero (Market cap + debt - cash). An EV of zero and probably more than 20k ounces planned 2 years out, (from July 2017-2018). YTD, hundreds of gold juniors have literally doubled, tripled, quadrupled, quintupled.... yet this pig is down 33% from the date shares were reinstated, April 12, 2016. 

I don't have all the answers here, but if something is going to happen to the share price, a big move from the 5c-6c range, I'm guessing it's likely to happen in the next month or so. That's when a lot of the questions that shareholders have should be addressed.
Bullboard Posts