TSX:TRX - Post Discussion
Post by
austrochris on Apr 21, 2022 4:46am
very good goldstory in Tanzania !
Made a little research here . With the old reservers TNX have a NPV of 266 Million US Dollar and an IRR of about 200 % . It is hard to find an IRR of 200 % ( 1900 Dollar gold price ). Now TNX can almost double the reserves to about 1,6 to 1,8 Million ounces . This means the economics are now much better and the production more than 54000 ounces / year ! Beside the production ramp up is underway in order to avoid further dilution and to develope the project . With 1000 tons / day - huge cashflow will come in a few months . 15 to 20 Million US Dollar free cash flow / year . ( current gold price ) . Enough cash for drilling and developing ! BUY:TNX . This could be a 5 Million Ounce project !
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