Post by
Newager23 on Oct 26, 2013 1:52pm
New update at www.goldsilverdata.com
Timmins Gold is a young company that just began producing in 2010. They are aggressive with the drill bit (currently they have a 200,000 meter drill program) and have 500,000 acres to explore in Mexico on 10 properties. They have no debt and cash flow from 120,000 ounces of production (San Francisco) to find a few more mines. Long term I expect a lot from this stock. Their two open pit producing mines are next to each other and are both long life with plenty of resources (3 million oz at .8 gpt).
They have a $250 million fully diluted market cap, so it is not cheap. Look for them to find another mine or acquire another company and expand production. This could become a very valuable company long term. They have a very good management team who are very good at execution.
From my analysis, I think they easily could become a $1 billion market cap. And if they can grow their reserves substantially, they could get bigger than that. They recently tried to purchase another company, but lost out in a bidding war to a bigger company. It is likely they will try again to expand by a strategic purchase. I don't get the feeling the company is satisfied with their growth rate, and this is a shareholder focused management team who has not diluted shares in two years.
Comment by
strikezone on Oct 27, 2013 12:33pm
Who the hell wrote that report, a six year old? yikes!!!
Comment by
fb454 on Oct 29, 2013 10:56pm
Blade86ca, thanks for this early headsup. Well managmant has done a great job playing the hand all companies have been given with the current metal prices. Congratulations to Bruce B.,Alex T.and Arturo B. and their team. Take a look at our peers folks. They are not doing as well as Timmins. I have no problem adding at the present time. Best of success to all.