chance to pick up cheap, page-7

Tobyjack just something on the future of TGZ.
The current project in Senegal could well extend out to 2025 with increases in reserves. The potential around the mill is huge and could see TGZ producing upto 500,000ozs per annum although this will also require some mill expansion.
Guidance for 2013 is 200,000ozs with cash costs per oz increasing however the hedge will be extinguished in another six months. All gold mined from August will be hedgefree and sold at spot.
Free cash flow will support expansion to 500,000ozs of gold production per annum. The chances of share price dilution are slim unlike many other operations.
I have now acquired some more of TGZ and I believe at a very cheap going forward.