Ann: September 2015 Quarterly Activities Report, page-14

wow  your right ...so you can double the profit numbers and half the payback period  i posted abouve

you can also Double the expected SP + Market cap  targets.



what can TGS be Earning from 50kt of copper pa in 2 years ?

if  its ..$1 net p ton x 50kt  =  $100m net profit pa.

mcap $80m =  7c

100m pa = EPS  of  10c

p/e =  .08   at  7.5c

Debt $137m = 12c .... can be paid down over 1.5 years with the  10c  EPS  pa .


IF  copper price holds  these levels around 230 or gets better ..over the next 3 years .

TGS may be earning 10c pa eps ....debt free in 2 years   

it should give a sp  price of 60c to 1.00

Am I Mad  or has  Mr Market gone Stupid ?