RE:RE:Torex knocks it out of park
My thinking is simply that it's special to border on two sides a major mining complex such as Torex has. They state they will be mining there for decades and that sounds reasonable. This is a first-rate gold belt. Torex already has a large market cap and a larger enterprise value and still the drill results sent the stock soaring 20%. Consider that Ana Paula is 90% unexplored. I really like the location of Ana Paula and some day the market will wake up to the significance of that.
As for taking over TMM, TXG is plenty busy on its own concession, but it wouldn't surprise me if a major takes out both TXG and TMM, consolidating the whole package.
As said earlier it was my position in TXG and my talks with management that spurred my interest in TMM. To me it was a no brainer. And one should expect institutional dollars from TXG to funnel into TMM.
Consider too that we have as shareholders the Lundin family and Goldcorp.