Hello all,
Here's some information that may be useful to reflect the way forward for TGM, still working on peer comparisons in other exchanges but this is what i've got so far.
This one is self explanatory, assuming production in 2021 of 50k oz
ASX Peer - GOR (note the increase in SP when mining commenced)
ASX RMS - again you can see a similar trend as production increases
One thing that puts TGM in a unique position is the tightly held shareholding base, once milestones are achieved i believe we will see better returns that those above, my opinion only.
Another major factor to consider is the existing infrastructure and the ramp up process to get production underway, a lot faster than most. Now with the ball mill in place, it won't be long before we see some gold!
Gold price heading in the right direction, with all the stimulus it'll keep gold strong into the foreseeable future.
More to come all, happy reading.
Cheers,
(20min delay)