Ann: Titan Executes Agreement to Acquire Plant in Northern Peru, page-6

If the 2 proposed acquisitions are completed, this could potentially get TTM gold production to about 60,000oz of gold per annum by end of the year.
They're consolidating the mining region and if they succeed then TTM potentially a 100kozpa gold producer.

Risks are they need to raise capital for further acquisitions and the big risk that many have tried to do what they are doing right now in Peru and failed. Capital structure is mediocre too with lots of small holders and overhanging stock. Acquisitions failing is another risk too. Lots of different risks but rewards here too.

Overall. you know the current gold price and TTM has provided enough data for mine ASIC so you can build a rudimental model to show you what MG is going on about.
Alternatively compare the market cap of other asx gold miners producing 60-100kozpa gold.

I'm in the same position as MG, I've been buying a similar amount of the last few weeks too.