TCG 2.22% 22.0¢ turaco gold limited

goldies peer comparison

  1. 816 Posts.
    Saw DRM getting full finance package on the MYG thread.

    Below is their presentation
    http://hotcopper.com.au/announcements.asp?id=454171


    They managed to get 55m full debt package. Their numbers are nothing compared to ours.

    Their numbers,
    70% IRR, 55m initial capex, Cash cost 800+, 3.7 year life, 280koz gold resource, 5m cash, market cap 64m++

    Our numbers,
    96% IRR, 32.6m initial capex, Cash cost 411$, 4.5 year life,
    1.25m gold, 10m cash, market cap 35m++

    How on earth are we so cheap? Seriously...Double the cash, 5 times the gold, more robust DFS.

    On that presentation is also a list of producers and their market cap. 2 years time we will be on that with at least 180m market cap.
 
watchlist Created with Sketch. Add TCG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.