TGM 2.78% 17.5¢ theta gold mines limited

Hey mate my understanding is its just getting enough shallow...

  1. 2,454 Posts.
    lightbulb Created with Sketch. 20
    Hey mate

    my understanding is its just getting enough shallow ,open cut , close to mill ounces for a decent ROI to get the finance for the mill refurb

    then get the UG done with all the cashflow from that... to get to 100 koz / year

    [ generally MC of miners is around 250mil MC at 100 koz / year or approx 8 times current MC ]

    5+ Moz is a ridiculous amount already....

    once we are back into production again im sure it will be obvious to scale more the 100 koz a year once the mega $ starts coming in... no use waiting 50 years to go thru it all... 5 times that at 500koz a year down the track seems like a much better long term goal
 
watchlist Created with Sketch. Add TGM (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
-0.005(2.78%)
Mkt cap ! $117.4M
Open High Low Value Volume
17.5¢ 17.5¢ 17.5¢ $70 400

Buyers (Bids)

No. Vol. Price($)
1 40095 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 3 1
View Market Depth
Last trade - 10.10am 27/11/2024 (20 minute delay) ?
TGM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.