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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 frankmanon Oct 04, 2016 9:59am
157 Views
Post# 25306266

Rosy pictures of future production/oil

Rosy pictures of future production/oilI don't like companies that place a rosy picture on gold/operations so far in the future. Looks like the mine shutdown might be in the cards again with gold struggling. Remember they needed gold "far north of $1300" to continue operations. To me gold was undervalued at $1000, however you can't predict the sellers taking profit. Gold/silver should trade far higher but market uncertainty is controlling the markets at least until the election.

Also in spite of the pump talk of the oil producers reality is they are pumping at record levels still in a glut market. I see oil hitting as low as the the upper $20's over the winter, with a rebound in the spring.
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