Post by
tony1969 on Sep 13, 2018 10:50pm
From Canaccord research July 12th 2018....
"Initial resource at most advanced prospects at Golden Hill expected before year- end. At this stage we ascribe the Golden Hill project a $150M in situ value (C$1.68/ sh) pending further drilling and the initial resource. While still early days, results-to-date have indicated that Golden Hill has the potential to eventually become Teranga's third operating asset, and could yield substantial incremental value beyond our currently ascribed $150M". They are giving Golden Hill a value of $150M already and say it could be substantially beyond that in the future. That is almost half of TGZ's current market cap. They have a $7.50C price target. Having Sabodala and Wahgnion is great and enough to justify a higher price on their own but I think the game changer here will be Golden Hill as it has several high potential targets that are all in close proximty to one another. I personally believe Jackhammer Hill alone will be huge...
Comment by
ruffus23 on Sep 15, 2018 6:31pm
Golden hill is huge! SWA owns the properties surrounding golden hill and many other Choice properties