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4.9¢ tiger resources limited

With finance which gives a green light to 50000 tpa TGS is...

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runningman37

791 Posts.

30/04/15

15:45

Post #: 15190944
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Originally posted by kkkrrr ↑

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

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With finance which gives a green light to 50000 tpa TGS is unbelievably undervalued. Its very easy to mount a case for a SP of well over 50cents. So if you think they can sort the finance and like copper as a commodity this is the stock of the century.

TGS Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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