Markets are not about today but about future prospects where risks create opportunities.
If TGX needs $25M to develop the main assets, they need only approx. $100 profit per oz Au to recover the required investment capital.
Speculators would be betting on potentially higher profit margins, like $300-$500 per oz Au, and increased resorces. In the right hands the TGX assets are worth several times the current market value of the company.
While skeptics would consider the assets mey never be developed and the company may be worthless.
TGX Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
