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4.9¢ tiger resources limited

1600t cathode copper at end of quarter is not recorded, page-22

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gonegassed

13,783 Posts.

22/10/14

15:40

Post #: 14164070
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Originally posted by kkkrrr ↑

TGS is undervalued here , why?

-predicted cash outflow for production of around 26 Mio$ is for 100% of the project , not not 60% ....revenue will be over 40 million$ (for cathodes alone) + unsold cathodes from Q3 production + 17000 tonnes of concentrate

- 16 million$ developement costs are mostly for the 30 MW transformator ... costs will fall significantly in Q2 2015 with power from grid

-costs will fall due higher grades , lower prices for diesel , optimazion works

-the upgrade to 50000 tonnes copper/year means TGS will be a 300 million$+ (at today prices) revenue company with profits near 100 million$ p.a. for minimum 10 years ... Luputo + exploration will add minelife ....marketcap of 230 million$ looks too low in relation to the numbers

- TGS is a takeover- target now with simplyfied coorperate structure

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All true All correct .. time is now for adding under 25c ..

TGS Price at posting: 25.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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