I own about 2.5 M shares of TCOI've posted on this name several times. TCO has a number of important activities going on that could really make a big difference in coming months
Today's share price move, on very heavy volume, was a surprise. Management sometimes asks me, "why isn't the share price higher given all of the good things we have going on?"
I tell them, "because no one knows what those good things are!" Today's press release was well received. Management continues to say that more frequent updates are forthcoming. We will see.
TCO is in production right now, so moves in the gold and silver price should move shares moreso than shares of exploration companies.
Where the rubber hits the road will be TCO reaching cash flow positive territory. Positive mine-level cash flow is expected as soon as March/April and company-wide positive cash flow is expected within a few months thereafter.
Most recent game plan remains to ramp up to a run-rate of 5,000 Au Eq. ounces/yr. That figure could grow to as much as 10,000 ounces/yr by yearend. Coupled with the potential for 1) higher grade ore, (not a sure thing by any means). 2) gross throughput above 150 tpd, by optimizing equipment onsite right now. 3) better recoveries than in the PEA (this was aluded to in today's PR). 4) Economies of scale could drive AISC/oz lower. 5) Subject to 2017 results, grades, throughput and recoveries, management believes that 20,000 Au Eq. ounces is possible for 2018.
A lot of de-risking of the story going on this year.