Coal producer in Russia - massive re-rate is imminent IMO
The research note below by Optiva Securities is an excellent summary for newcomers on TIG's Project F. TIG's project F has excellent qualities all round, from proximity to port, coal quality, strip ratio, capex and opex numbers etc - TIG is a world class producer with some of the lowest costs in the game
The reason TIG is still sitting so low, is the market hasn't recognised it as a producer yet
TIG should have mined and shipped approximately 200Kt of coal which is yet to hit their balance sheet. Their quarterly is due in the coming week, which should reflect first revenues and coal sales. The actual cash figure should be $15-20M potentially
For something that is debt free, producing 600ktpa, mine, port and infrastructure in place, 40kms from mine to port, and capped at a measly $107M, TIG is a gift IMO
This should easily kick to 10c+ once the market see's its' potential. With such a tight register, it could quite easily go parabolic next year. The pending quarterly will be the first of a massive re-rate IMO
