TGZ looks like getting over $1 today given how the GDXJ behaved and that TGZ traded over CAD1 on the TZX last night.
I wish they would come out and explain how they are going to produce at 220-240k ounces per year at under $1000/ounce (inclusive of the Franco Nevada royalties) over a 8-10 year period. This is a great mystery to me, unless they find more higher grade ore or increase the plant size (not sure if they could keep costs down below $1000/ounce).
Still, a gain is a hard earned gain, so one should not complain.
loki (better wear rose tinted specs when playing in goldieland)
TGZ Price at posting:
96.0¢ Sentiment: Hold Disclosure: Held
