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Bullboard - Stock Discussion Forum TRX Gold Ord Shs TRX


Primary Symbol: T.TRX

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

TSX:TRX - Post Discussion

TRX Gold Ord Shs > Quick calculations
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Post by GoldenArm1 on Apr 03, 2024 10:57am

Quick calculations

Last Q4 they sold gold for 1920/oz and sold 4895oz  Cost of sales was 5.7M or $1165/oz

Lets say they sell 4900oz and relaize a price somewhere in between 1900 and 2200 so 2100oz in Q1

Revenue = 10,290,000
COS = 5,708,500
Gross Profit would be 4,581,500 which would be 24% increase in profitability for Q1 and Q2 could be another 24% increase.

With that much cash flow they could speed up drilling or improve production. I would think they would be selling as much gold as possible in this quarter with prices above 2250/oz

This should be a $1 to $1.50/shr stock.

Nothing but good news. All of this is estimated and in my opinion please do your due diligence


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