tag:blogger.com,1999:blog-6272793377504221569.post136247733754711903..comments2024-02-05T00:42:53.074-08:00Comments on Angry Geologist: Ana Paula - the figuresThe Angry Geologisthttp://www.blogger.com/profile/04955645007432969022noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6272793377504221569.post-43369989639900635592016-09-17T05:56:09.426-07:002016-09-17T05:56:09.426-07:00I was looking at the equity figure in the Q2 MD&am...I was looking at the equity figure in the Q2 MD&A, I'll change the post to reflect thisThe Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-68400170022419809462016-09-16T23:35:20.036-07:002016-09-16T23:35:20.036-07:00A.G.,
You mention for Timmins that "they hav...A.G.,<br /><br />You mention for Timmins that "they have ~$82M in the bank". <br /><br />Where are you getting this figure? In both their financials AND their corporate presentation, the number is ~$12-13M.<br /><br />Am I missing something?<br /><br />Thanks!WOFhttps://www.blogger.com/profile/06383120882334116760noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-25455270710153022032016-09-12T19:36:41.384-07:002016-09-12T19:36:41.384-07:00Is it true that some parts of Ana Paula have not b...Is it true that some parts of Ana Paula have not been drilled yet - so it may have significant inferred resources ?<br /><br />Since you used 1200 usd gold price - your calculations are done here considering the fact that San Francisco was extended to 2023 or not ?<br />http://www.kitco.com/news/2016-08-23/Timmins-Gold-Extends-Projected-Operations-At-San-Francisco-Mine-Into-2023.htmlMinerhttps://www.blogger.com/profile/17993702302139846993noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-72451516094752715592016-09-12T08:44:32.430-07:002016-09-12T08:44:32.430-07:00Changing offended gears today I reported on the 43...Changing offended gears today I reported on the 43-101 of Victoria Gold VIT.v. I have followed this baby for a zillion years and for damn sure things are blue sky now. Co is developing what appears a highly economic Au proposition in mining friendly Yukon. <br />http://pennystockjournal.blogspot.ca/<br /><br /><br /><br /> Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-37746450977245189622016-09-12T07:45:23.455-07:002016-09-12T07:45:23.455-07:00PS I think it's a type "Mill operating at...PS I think it's a type "Mill operating at 6000 tpd for 350 tonnes/year" i think you intended 350 days / year. JeffreyJDavishttps://www.blogger.com/profile/08024816613381167159noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-45398045100650481522016-09-12T06:53:31.679-07:002016-09-12T06:53:31.679-07:00Thanks for your excellent and straightforward anal...Thanks for your excellent and straightforward analysis. Arturo has weathered a tough couple of years but has designed and is executing a new lease on life for SF and long term for Timmins with AP.JeffreyJDavishttps://www.blogger.com/profile/08024816613381167159noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-19687323405853877182016-09-11T10:12:57.136-07:002016-09-11T10:12:57.136-07:00We'll add that the Joe Mazumdar and Brent Cook...We'll add that the Joe Mazumdar and Brent Cook rubbish states BOTH visited the site. Perhaps they should disclose who paid for the flights, hotel, meals, etc etc etc.<br /><br />If it was this goofball company then perhaps we should know that BEFORE getting lectured about how 'honest' management is, no? Also the gruesome twosome somehow fail to mention the truly sick and horrid track records of SRK rock mutts here.<br /><br />Taken together these boyos stink large. FACT.<br /><br />Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-15019634952537212122016-09-11T05:59:26.890-07:002016-09-11T05:59:26.890-07:00I again refer to MT at Incakola and this time his ...I again refer to MT at Incakola and this time his love affair with Joe Mazumdar and Brent Cook vis-a-vis Orezone - ORE.v. That material appears a wicked strokey session and the massive clue comes when the boyos mention not once but TWICE they 'think' management are straight shooters. That is something impossible to KNOW, so why spew (twice) yer dorky, dead worthless, know nothing opinion?<br /><br />I don't share MT's herotard whoreship of those two and for final proof where is the mention of the 75% decline in 'measured'? Nowhere ... they do EXACTLY the same pee pee stroking as the scamagement here i.e. pointing to 'only' a 30% decline of M&I.<br /><br />ORE.v 'lost' almost 2 million 'confirmed' fukkin ozs. Paper is untouchable at any level. FACT, and if these tards were half legit they would state the bloody damn obvious. (And MT would STOP tooting dumbtard horn)<br /><br />http://pennystockjournal.blogspot.ca/2016/08/orezone-gold-corporation-orev.htmlAcehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-64786524445935617602016-09-10T17:24:06.651-07:002016-09-10T17:24:06.651-07:00Great post as always TAG. I wonder, if someone did...Great post as always TAG. I wonder, if someone did make a move for Timmins, who would it be? I think its a bit too small for the majors or even the 500K+ intermediates, so a producer currently producing 200-300k a year might see this as an interesting asset to add to their portfolio. Who do you think might make a move? <br /><br />Cheers!Speculatorhttps://www.blogger.com/profile/08684170280383716032noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-49257915262487614322016-09-10T09:51:04.942-07:002016-09-10T09:51:04.942-07:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/04943188826873611255noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-66079827038652192882016-09-10T07:03:54.250-07:002016-09-10T07:03:54.250-07:00Beautiful work, truly. TMM.t does indeed seem to b...Beautiful work, truly. TMM.t does indeed seem to be a good company with a viable project. The strokery is above par for the course, not outrageous. I suppose with most/all of their capital coming internally they are 'allowed' to stroke that discount rate a tad.<br /><br />A well managed operation, nobody can deny that. Why WOULDN'T somebody with deep pockets come along? http://pennystockjournal.blogspot.ca/2013/01/timmins-gold-corp-tmmt.htmlAcehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-46820845038424882192016-09-10T06:08:21.856-07:002016-09-10T06:08:21.856-07:00Hello Blue,
They were based on $1200/oz Au and $1...Hello Blue,<br /><br />They were based on $1200/oz Au and $14/oz Silver - which are the figures used in the economic model in the 2016 PEA. Obviously, at higher prices the NPV and IRR increase significantly.<br />I like the fact that Timmins have worked to reduce their debts (currently at ~$1M), and if they can keep SF churning out cash they will have enough to cover the construction costs at AP.<br /><br />They have $82M in cash and at current metal prices they are making $12M at SF.<br />by the end of 2016 their cash balance should be: 82+12+12 = $106M<br />by the end of 2017 it should be around $154M - which covers the CAPEX, working capital and leaves ~$20-30M spare.<br /><br />Hopefully, they won't need to do a financing (their debt or issuing shares), but i posed the question so that people think about how a company will raise money<br />1. debt - potentially at a high interest rate, and if you look at some of the deals that Orion has done, streaming deals etc.<br />2. issuing shares - leading to dilution.<br /><br />The big question will be, when will someone take over Timmins? Once AP is up and running? or just a bit before?The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-3093471184312322852016-09-10T01:25:36.132-07:002016-09-10T01:25:36.132-07:00Thanks for your report. Sorry, at what price gold ...Thanks for your report. Sorry, at what price gold was your assumptions based? I'd give it a better than 50% chance this project will be taken-out after the FS comes out. If not taken-out, as stated in the corporate presentation, management believes the AP project to likely be a highly financeable project, and with SF generating ~ $12M/quarter (at current metal prices), Timmins treasury should not only be sufficient to cover start-up working capital, but also help to reduce the final amount needed in financing the CAPEX. Thanks again for your report.Bluehttps://www.blogger.com/profile/03442751251469733937noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-7789955705690731662016-09-09T23:33:05.899-07:002016-09-09T23:33:05.899-07:00First one to say : Thank you. I bought more few we...First one to say : Thank you. I bought more few weeks ago during the dip since i felt AP was a good one. Your take on AP helps me now to increase my position size since I feel more confident about the project. SF mine will be operating during the first year of AP so working capital should not be an issue. I imagine, TGD will have around 15 million at end of 3rd qrt.2016 <br />At present, thank you. but in future beer on me. Anonymoushttps://www.blogger.com/profile/04943188826873611255noreply@blogger.com