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Bullboard - Stock Discussion Forum 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 Discussion

Teranga Gold Corporation > Great News!!!!
View:
Post by 05RfidRich on Aug 30, 2017 10:05am

Great News!!!!

It may take some time for the market to react but this very good news. Basing this report on $1250. 00 gold price gives us a pretty buffer. This is a pretty good cash cow , this will allow TGZ to grow this company into something that larger companies may find interesting to acquire. these low prices cannot survive much longer
Comment by Luc1961 on Aug 30, 2017 10:43am
Great news indeed...I would even call that AMAZING news. 213,000 ounces per year at an AISC of $885. At a PoG of $1,250, that's $78M in profit ($US)...or $97M $CDN (@ 1.25 exchange rate). Divide that by TGZ's 107M shares outstanding, that's 91 cents profit per share. Applying a P/E Ratio of 15 suggests a share price of $13.65. We're sitting at $3.25 (!!). Now do the math at $1,350 ...more  
Comment by Public_Heel on Aug 30, 2017 1:23pm
Luc, notice that they put a free cash flow of US$230m on that. That'd be ~C$285m. That's not time-discounted, though, which makes a big difference over 14 years. Anyway, that's a heck of a lot less than your numbers. I don't know the reason for the difference, I'm just commenting on what they put in their report.
Comment by Stocktipper1 on Aug 30, 2017 1:29pm
I'll take my .45 cents profit and move it over to a real Miner!!!  fck TGZ....bullshiit 
Comment by Luc1961 on Aug 30, 2017 1:54pm
....valid comment Public_H. Note however that the $230M (or $285 CDN) quoted in the NR is just for the first 5 years (not 14). So if we were to apply the PE Ratio on the free cashflow instead of the profit arising from PoG minus AISC, you're absolutely correct that the number is far less. About $57M instead of $97M. Doing the same calculation as before with $1,250 gold and a PE Ratio of 15 ...more  
Comment by Public_Heel on Aug 30, 2017 2:05pm
Thanks, sorry I missed that. I'll apply an NPV8 - because it's proven/probable, but it's in West Africa - which turns that US$230m into about US$185m. Figure that the rest of the mine - assuming they bump up that proven/probable some - is worth the same, and we're well backed-up for the Banfora deposit, which looks like our upside.
Comment by ruffus23 on Aug 30, 2017 3:42pm
Any update for insider buying? Are we in a blackout period with pending news releases for banfora?
Comment by TrishMoran on Aug 31, 2017 9:33am
You are correct, Ruffus23. Management and board have been restricted from buying shares since mid to end of June due to the impending release of the Banfora Feasibility study.
Comment by 05RfidRich on Aug 31, 2017 11:06am
Thank you Trish.  Can you share the names of other canadian gold companies in west africa so can members  feel confident in West Africa as being a friendly mining JUrisdiction.Thank you
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