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Treasury Metals Inc 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

Post by andre171on May 16, 2024 4:20am
258 Views
Post# 36042691

To finance the 350M project ?

To finance the 350M project ?To finance the construction of the 350M project, I think the market capitalization will have to increase significantly. In my opinion, TML needs +- US$100M of capitalization to hope to obtain acceptable financing, so at the current price of US$0.168 the current capitalization of US$31.5M + US$11M for Blackwolf Copper and Gold, i.e. US$42.5M, still needs to more than double, which implies either a share price that rises to US$0.40 (CAD0.54). Obtaining the permit for Goliath will be essential for a significant increase in TML's valuation, as is the case for permitted projects. Dilution will then be all the more acceptable if the other sources of financing negotiated are significant (share of loans, royalties or another source of financing). What do you think?
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