do the math.. with a possible of 175 million$ financing from the...

do the math..

with a possible of 175 million$ financing from the banks TGS will be able ramp up production to 50000 tonnes p.a and repay Gerald+Taurus debt... this are 100 million pounds of copper p.a. ... with grid power and better cost structures AISC will sink to 1.50 $/pound.. at a price of copper of 3$/pound the yearly free cashlow will be near 150 million$ ... the stage2 expansion will need some rampup-time but after ramp-up the yearly free cashflow should be near 120-150 million$ ... means they will be able repay all debt in 2 years.... copper could reach a phase of supply shortage so the price could hit 3.50$ to 4$ in next 2 years ...

i still think TGS has a good chance being debt free in 2-3 years AND earning a lot of money after!

marketcap is 50 million $!!!!!! positive news from the banks will send this stock to 15 cent minimum! Even without restructure of debt TGS will survive..it only takes longer until stage2 expansion is possible