Its surprising to see how the market is ignoring the immimient value of tgs.
Here are some facts: - copper production to start in Q! 2011 - stage 1 ns stage 2 developement - stage one developement will produce 119,000 tonnes of copper over 3 years which at current copper prices is equivalent to $975,800,000 million in revenue!!! -top 20 sharholders hold 84% of company where JP morgan holds 28%. good chance JP morgan will sell to the right buyers at the right price so always speculation some one will takeover TGS. - total measured and indicated resource is of 535,000 tonnes of copper with exploration upside. -operation cost is 0.36/lb - shares common shareholders with AVM with people speculating this is a perfect fit for AVM
With a supply dificit forcasted in the next year and beyond, TGS is well placed to be re-rated with higher copper prices.
Makes sense to buy now
TGS Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held
