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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

Post by own_qualityon Sep 15, 2016 10:08am
114 Views
Post# 25239912

a lot of pressure on gold price...

a lot of pressure on gold price...Is it a last attempt to squeeze out the gold longs?  Hard to imaging gold really going lower in today's world.  Much easier to see it moving through 1,500 by year end.  We really do need to have gold hold over 1,300 for TGD to do well.  Although they still make cash at 1,250 or maybe even 1,200, we need 1,350 to get favorable financing terms for Ana Paula.  Even though the project has fantastic upside potential and robust economics for the current mine plan, it is still located in a bad part of Mexico.  I think the shares stay under pressure until we breakout solidly above the 1,350 level.  But it sucks waiting and seeing the shares under pressure.
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