Bullboard - Stock Discussion Forum TRX Gold Ord Shs TRX

Primary Symbol: T.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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TRX Gold Ord Shs > very good goldstory in Tanzania !

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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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