Just noticed a new research report on TGMs' website here.
Investment Comment:RCR's 12 month share price target is A$0.52. TGMappears suitable for those seeking exposure to an Africangold development play, with good leverage on bothimplementation success and gold prices.With likely low capital and potential low operating costs,combined with >150kozpa medium term gold productionpotential, the company appears well placed to attractmarket attention, as gold production gets closer in 2020.Risks include timing of final permits and normal equitymarket risks such as funding, commodity price andexchange rates. Key milestones for potential re-ratinginclude further upgrades to resources/reserves,exploration success and first gold production potentially by2H20.
TGM Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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