1 - production figures above nameplate - looks around 3400 (nameplate 2916/month) with higher copper percentages = low cost.
2 - paid down $1.5 million of debt.
3 - continuing to clarify stage 2 outcomes and showing they are ready to go.
4 - pending drill assays and multiple resource and reserve updates to come.
What i would of liked more details was on cash and rec balance (has not moved since end of august). i am guessing that is because we are spending millions on drilling, dfs completion and repay of debt (1.5). Also would have paid for CYS holding this month...
also would like to know where the gecamines discussion is up to? would be great to secure 90 or 100% of kipoi before stage 2 gets go ahead - i assume that is still the plan. a smart investor would loan TGS the required 150-200 million to payout gecamines and lock a strategic stake in tiger as a result (i.e. - 150 million loan and 50 million in shares???) i guess we may find out over the next couple of months.
good luck all.
TGS Price at posting:
33.2¢ Sentiment: Buy Disclosure: Held
