RE:doesn't take much to imagine
don't get me wrong... the stock is net expensive here ...but both project are not world-class ... IRR of Sabodala and Banfora are not great at all ... they are profitable @ 1300$ POG but there will be nothing left for Shareholders...
and debt free? look at the balance sheet.. they are not debt-free and will add another 150 million debt for construction of Banfora... there are better opportunies in the Gold sector right now...
TGZ is cheap, yes ... but more risky too... AISC around 1000$ ... i prefer projects with AISC around 600-700$ ... if you believe in an POG 1400$ (long term) and no inflation in labour-costs ,oil and other costs feel free and buy TGZ ...
for me thiswas and is an stock for trading..buying below 3$ and sell it between 3.50-4$...