TCG 3.92% 26.5¢ turaco gold limited

Saw DRM getting full finance package on the MYG thread.Below is...

  1. 816 Posts.
    Saw DRM getting full finance package on the MYG thread.

    Below is their presentation
    http://hotcopper.com.au/announcements.asp?id=454171


    They managed to get 55m full debt package. Their numbers are nothing compared to ours.

    Their numbers,
    70% IRR, 55m initial capex, Cash cost 800+, 3.7 year life, 280koz gold resource, 5m cash, market cap 64m++

    Our numbers,
    96% IRR, 32.6m initial capex, Cash cost 411$, 4.5 year life,
    1.25m gold, 10m cash, market cap 35m++

    How on earth are we so cheap? Seriously...Double the cash, 5 times the gold, more robust DFS.

    On that presentation is also a list of producers and their market cap. 2 years time we will be on that with at least 180m market cap.
 
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