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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

Comment by mercedesmanon Feb 24, 2020 8:25am
206 Views
Post# 30724883

RE:TGZ compared to EDV

RE:TGZ compared to EDV

Share price of the two is irrelevant to any comparison. 

Market Cap is relevant. 

EDV's MC is about $3B 
EDV production profile is 700k/ oz 
also relevant is AISC 
and mine life
and country risk 
( there are differences in all theses areas) 

TGZ 's current MC is $ .9B
post Massawa acquisition it will be $ ? B 
TGZ will produce 350k oz in 2020 and will move towards 500k oz in a few years  (2021?) 

IMO TGZ should re-rate to at least a $2B MC within a year or so. That's at $1600 gold. 

If gold goes to $1900 or $2000 /oz USD, maybe $3B 

of course EDV will move to $40 and rerate to $4B at that time. 


glta
MM 

 

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