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Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Post by tony1969on Sep 13, 2018 10:50pm
280 Views
Post# 28617753

From Canaccord research July 12th 2018....

From Canaccord research July 12th 2018....
"Initial resource at most advanced prospects at Golden Hill expected before year- end. At this stage we ascribe the Golden Hill project a $150M in situ value (C$1.68/ sh) pending further drilling and the initial resource. While still early days, results-to-date have indicated that Golden Hill has the potential to eventually become Teranga's third operating asset, and could yield substantial incremental value beyond our currently ascribed $150M". They are giving Golden Hill a value of $150M already and say it could be substantially beyond that in the future. That is almost half of TGZ's current market cap. They have a $7.50C price target. Having Sabodala and Wahgnion is great and enough to justify a higher price on their own but I think the game changer here will be Golden Hill as it has several high potential targets that are all in close proximty to one another. I personally believe Jackhammer Hill alone will be huge...
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