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Toachi Mining Inc TIMGF

Toachi Mining Inc is involved in the business of acquisition, exploration, and development of mineral properties. The principal business activity of the company is the development of the La Plata project's gold, copper, zinc and silver volcanogenic massive-sulfide project in Ecuador. The company operates in a single segment being the mineral exploration in Bolivia and Ecuador.


GREY:TIMGF - Post by User

Comment by Blazesbon Jun 20, 2019 6:30pm
69 Views
Post# 29846941

RE:RE:no need to be delusional here

RE:RE:no need to be delusional here
rockmoney wrote: Then if that you say is true, TIM is dead and gone. They will never be able to build a mine here. Impossible. Capex is out of their range and they are bascially broke again today.

They squandered a lot of shareholders money, jacked up the burn with the new managment and killed the stock. 

Our only hope is that under a nickel, some smart junior or intermediate will buy the company and give us a premum. 

Do you want a steak or do you want the sizzle?  What I'm saying is that Jon Goodman has chosen the steak--he's building a mine.  

Building a mine involves a lot of work.  It prioritizes construction over exploration.  Goodman has been admirably upfront about this.

Goodman installed Alain Bureau because he built a latin american mine successfully in record time.  He was a logical choice.  Bureau spent 2018 building social capital with the government of Ecuador--call it groundwork.

Converting marxists to market capitalism happens when marxist governments fear of capitalist exploitation is overcome by a greater fear of a revolution by starving peasants.  Bureau was busy on this front.   

In the meantime beyond determining where the mine feed on their property will come from Toachi is not currently interested in exploration.  

An investment in Toachi at these prices should be considered only if you can stomach the wait for both the current bear market in junior miners and junior explorers to end and for the mine to be built.  



   
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