Bullboard - Stock Discussion Forum TRX Gold Ord Shs T.TRX

Alternate Symbol(s): TRX

Metals & Mining Gold

TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones... see more

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TSX:TRX - Post Discussion

TRX Gold Ord Shs > At 5500 oz we should be at

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Post by GoldenArm on Apr 11, 2023 1:03pm

At 5500 oz we should be at

This is a rough approximation but at 5500 oz we should be at $0.80/shr given a multiple of 40. However this number is based on gross income but it is close given Barrick get a 80 multiple.

If they double production we could be at 1.60/shr. Once they can reach 120,000oz per year we could see $10 to $15 per share.

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Comment by POG1200 on Apr 14, 2023 1:40am

After you have your physical in hand, good PM stock plays like TRX make sense. TRX is a growing producer where the price for their product is rising. If you think gold will continue up and you have enough physical PMs to get you through a currency reset, shares like TRX will skyrocket with the onset of a currency crisis. Gold-mining companies like TRX will be showing impressive ...more

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