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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Comment by Joseph_Kon Sep 05, 2016 9:27pm
147 Views
Post# 25208710

RE:This week should be

RE:This week should beGood luck with that.   I just read the SA article and while I agree about most of the author's conjecture, however lets keep it real.   Cash flow from San Francisco is not going to pay for Ana Paula.   After tax earnings and probably a future PP is what will cover the $120M plus that it will take.

The article was heavily biased.   If you doubt it, ask yourself why they were using a late June price for TMM to try to make their point about Ana Paula being undervalued, when the article was published at the end of August.   If they used a TMM share price 10c higher, suddenly it wouldn't be looking so undervalued.   I agreed for the most part about their valuation for Ana Paula - as long as it was a 'once the mine is constructed and they are earning revenue' valuation.   It should be discounted this far in time before production at Ana Paula starts.

If TMM gets to .90 without a significant move up in the price of gold, I'd personally expect to see the short intrest skyrocket.

Full disclosure, I don't own any TMM.  I will say the two jumps in sp in September put TMM on my radar.    If it gets back to where I think it is a good price, I'll be a buyer.

My own opinion.   Do your own DD.
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