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.

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 auburn2on Dec 28, 2016 7:00pm
312 Views
Post# 25648425

We literally neighbor Torex on two sides

We literally neighbor Torex on two sidesAna Paula and 90% unexplored. I don't think 4X this price is at all unreasonable. Goldcorp is unloading some junk for over $500 million and would be a natural suitor. Angry Geologist is critical of most everything but literally has nothing bad to say about TMM except for the industry standard discount rate being used in the NPV. However, capital in this case really should be less discounted. Consider: AP + debt + SF cash flow will fully fund the project to first pour. Because of the SF base and AP's low capex, the debt required will be a fraction of what AP actually supports. I love TXG as well but there's more upside here and less dependency on what the price of gold does. As I suggested, an overweight position should be had at these levels (in my opinion) because you can unload the excess at higher prices. I sold my AVK to buy more TMM. I feel the value here is as good as it gets.
<< Previous
Bullboard Posts
Next >>