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Bullboard - Stock Discussion Forum Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."

TSX:TMM - Post Discussion

Timmins Gold Corp > Oh Matty! Trying to SCAM people with the WRONG all in costs?
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Post by frankman on Nov 12, 2015 10:40am

Oh Matty! Trying to SCAM people with the WRONG all in costs?

I'll let you off the hook as you did misread that from the PEA/Tech report. All in sustaining costs( AISC) require many months of production to establish costs. And of course Ana Paula is at least 2 years away from any type of production assuming gold gets back up there. By then more financing will be needed maybe several times (warning)

Curious though PEA was based on $1300 gold. Yet management used $1200 gold in the news release. Things that make you go Hmmm
Comment by mattbigham on Nov 12, 2015 5:21pm
No,Frank. I am not a high wealth investor,I do not have insider information,Ido not work for a large bank or hedge fund and I have never short sold stock in order to profit by the wealth destruction of others-not once in my life. This company saves $50m on their process plant and Gold Corp takes a 10% stake ,Ana Paula has grades that are simply rarely seen and you short sellers just keep pi**ing ...more  
Comment by Czicfwillgetermit on Nov 12, 2015 7:38pm
Timmins will probably muddle through the end of year at current gold prices as long as sprott does theiir usual year end refinance.  Always figured sprott used this bait and switch  to pick up cheap shares to sell right after refi is announced. I beleive most of the 10 million cash drain was from their underground contractor experiment so maybe they can keep the cash drain to a few ...more  
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