Terraco Gold Corporation TCEGF

RE:RE:Congrats to management

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It’s been a few months since I checked this board. It used to be just me and 2investor trading irreverent comments. It’s nice to see that several others are contributing. Unlike many boards, this one is civil and intelligent. 

My 2 cents is the same as I am reading in recent posts. We are in a waiting game with a great asset and low ( but frustrating) holding costs.  Hilditch did an outstanding job putting this asset together, and we hope that when the time comes, he can do the same closing out what he started. My money and yours is literally betting that he can. Knowing when this will happen is like waiting for the next big earthquake in California. We know it will happen for sure, but have no idea when. Unlike California, we hope the shaking in the gold sector comes sooner than later. 

One event some some of you might have missed was the acquisition of Rye Patch Gold by Alio that closed a month ago. Rye Patch had just reopened the Florida Canyon mine and brought its heap leach production to commercial and profitable levels. It’s other properties are also nearby and waiting to be developed. My take is that Rye Patch assets are far smaller and probably less profitable to operate than Spring Valley/Moonlight.  Alio plans to use the cash flow from Florida Canyon and its San Francisco mine in Mexico to self-fund the development of its very promising Ana Paula project. I mention this because Rye Patch could be an indicator of increased development interest in the area. It’s quite possible that the very steep sell-off in Alio share could lead to it being acquired, and putting Florida Canyon back in the picture relative to the surrounding Nevada properties.