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Treasury Metals Inc T.TML


Primary Symbol: V.TML

Treasury Metals Inc. is a gold-focused company with assets in Canada. The Company is focused on its 100%-owned Goliath Gold Complex, which consists of Goliath, Goldlund and Miller deposits, which are located in Northwestern Ontario. The Goliath Gold Complex is comprised of approximately 503 mineral claims, 49 patents, five leases and one license of occupation, and the properties cover approximately 34,926 hectares. The Goliath property is located in the Kenora Mining Division in northwestern Ontario, about 20 kilometers east of the City of Dryden and 325 kilometers northwest of the port city Thunder Bay, Ontario, Canada. The Goldlund property covers around 28,289 hectares, and includes two deposits - Goldlund Mine and Miller, which covers portions of the Echo and Pickerel townships in Ontario. The Miller property is a proposed open pit mine. The Company also owns other projects, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock.


TSXV:TML - Post by User

Comment by andre171on Apr 04, 2024 2:03pm
144 Views
Post# 35970876

RE:John Feneck interviews Don Durrett and Jeremy Wyeth, CEO

RE:John Feneck interviews Don Durrett and Jeremy Wyeth, CEO
Betteryear2 wrote:

The market capitalization will still have to increase a lot to allow financing of the project's construction, which is 350M. In my opinion, TML needs +- 100M $us of equity to hope to obtain acceptable financing, so at the current price of 0.147 $us the current capitalization of 25M $us still needs to be multiplied by 4. This implies either a share price that rises to US$0.60 (CAD0.80), or dilution by a variable factor depending on the share of the loan, royalty or other source of financing. What do you think?
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