Over 6Moz JORC Resource, page-2

First 2 Last

Share
Profile

Follow
acer1964

136 Posts.

21/10/20

13:04

Post #: 48267085
Share

Originally posted by TheReunion: ↑

A bit of a summary on TGM, especially when you have peers jumping on news of resource upgrades, this is a hidden monster.

WWI today released an announcement of a resource increase taking them to 35.1MT @ 3.88g/t au for 4.375Moz Au
WWI up 60% today with over 270m shares traded

TGM by comparison has 6Moz Au (44.8MT @ 4.18g/t including open-pit resource of 1.3Moz (13.08Mt @ 3.12g/t Au)

Sleeping monster will awaken SOON!

TGMO options expire at the end of the month, once they're out of the way we should push through 30c onwards.

Board has been strengthened with the appointment of Mitford Mundell (Ex Harmony / De Beers / Anglo American) + Jacques Du Triou (Also Ex Harmony) p.s. Harmony is one of Africa's largest gold miners.

Moving Forward:

- Permitting (amendment to open-pit)
- Project Finance (negotiations underway already) - Note, we don't need massive funding for this, only approx $30m

Key high level financials

The initial starter pits are to be mined over a 5 year period to recover 234,063 ounces, in their annual report based on a gold price of $1,600 it would generate a $181m USD EBITDA, but realistically speaking at $1,900 USD the EBITDA is $275m USD or $385m AUD.

And we are only talking about 234,000 ounces of the 6,000,000 ounces they have in JORC resource.

Buckle up everyone!

Expand

Originally posted by TheReunion: ↑

A bit of a summary on TGM, especially when you have peers jumping on news of resource upgrades, this is a hidden monster.

WWI today released an announcement of a resource increase taking them to 35.1MT @ 3.88g/t au for 4.375Moz Au
WWI up 60% today with over 270m shares traded

TGM by comparison has 6Moz Au (44.8MT @ 4.18g/t including open-pit resource of 1.3Moz (13.08Mt @ 3.12g/t Au)

Sleeping monster will awaken SOON!

TGMO options expire at the end of the month, once they're out of the way we should push through 30c onwards.

Board has been strengthened with the appointment of Mitford Mundell (Ex Harmony / De Beers / Anglo American) + Jacques Du Triou (Also Ex Harmony) p.s. Harmony is one of Africa's largest gold miners.

Moving Forward:

- Permitting (amendment to open-pit)
- Project Finance (negotiations underway already) - Note, we don't need massive funding for this, only approx $30m

Key high level financials

The initial starter pits are to be mined over a 5 year period to recover 234,063 ounces, in their annual report based on a gold price of $1,600 it would generate a $181m USD EBITDA, but realistically speaking at $1,900 USD the EBITDA is $275m USD or $385m AUD.

And we are only talking about 234,000 ounces of the 6,000,000 ounces they have in JORC resource.

Buckle up everyone!

Expand

Seems overlooked - can only be to our advantage - can't wait for the next 12 months!!

TGM Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

There are more pages in this discussion • 9 more messages in this thread...

First 2 Last

Add TGM (ASX) to my watchlist

(20min delay)
Last 18.5¢		Change 0.010(5.71%)		Mkt cap ! $148.5M

Open	High	Low	Value	Volume
17.5¢	18.5¢	17.5¢	$31.21K	170.0K

Buyers (Bids)

No.	Vol.	Price($)
1	33000	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	3	1

View Market Depth

No.	Vol.	Price($)
1	33000	0.175
5	63486	0.170
1	20000	0.165
1	19717	0.160
2	20005	0.155

Price($)	Vol.	No.
0.185	3	1
0.190	50000	1
0.195	4000	1
0.200	53268	3
0.210	503000	4

Last trade - 15.59pm 04/11/2024 (20 minute delay)

TGM (ASX) Chart

Over 6Moz JORC Resource, page-2

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Over 6Moz JORC Resource, page-2

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News