TGM 0.00% 17.5¢ theta gold mines limited

Ann: Independent Investment Research Report Released, page-249

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  1. 7,303 Posts.
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    Hey Aussie, again, cheers for the great reply.
    I was able to glean the plant capacity from an old broker report - 150,000 tpa. Although it seems to be that it can be ramped up to 250,000 tpa without a huge amount of capex no hard numbers). The small capacity does explain why they were so focused on U/G, as really, unless you have grades above, say 10g/t, then, even at 250ktpa, the plant would only spit out about 40k ounces p.a.

    Makes sense about the DD, and the lower costs of drilling in S.A. That does provide a bit of extra buffer funding wise.

    I will also discount any chance of getting a cash settlement to say 10%, but anything is possible of course.

    Would love to know if the likes of Sprott would be interested in assisting SWJ funding wise. I guess all will be revealed later in the year.

    Will def throw some more questions up when I get a chance..
    Agree about the few posters here.
 
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