Doing some mining of my own regaring TRGD.
A few additional things to consider:
H I G H L I G H T S
•Six projects of merit
•Cash flow positive
•Tara sharing financial risk with partners
•3 mines developed by 2007, paid for by partners
•Partners spending $16 million on exploration
•Partners paying $18 million in acquisition costs
•Own equity positions in operating partners
•Substantial exploration campaign underway
•Undervalued vs. partners and industry
•Diversifying into other minerals
Tara is currently focused on acquiring and developing properties in the prolific gold-silver belt of the Sierra Madre Occidental in the states of Chihuahua, Sonora, and Sinaloa, Mexico.
3 mines under development, 4 exploration stage properties and acquisitions under discussion.
Picacho Gold Mine
•Processing facility currently capable of 250 tonnes/per day.
•Partner spending $3 million to expand production.
•Tara retains 35% net cash flow with no additional cash requirements.
Lluvia de Oro Gold Mine
•Open pit, two heap leach pads and processing plant being upgraded.
•Partner spending $3 million to upgrade equipment and start-up.
•Tara retains 20% net cash flow with no additional cash requirements.La
Currita Gold Mine
•Processing plant and mine tailings on site.
•Partner spending $3.5 million to upgrade equipment and start-up.
•Tara retains 40% net cash flow with no additional cash requireme
Payments re development
by J/V
Cash payments
Tara's%
Plus shares from all J/V partners.
San Miguel Groupings $250,000 $2,500,000 30.00%
La Currita Groupings $750,000 $3,500,000 40.00%
Lluvia De Oro $4,000,000 $3,000,000 20.00%
Las Minitas Grouping$ 6,000,000 $4,000,000 45.00%
Picacho Groupings $7,000,000 $3,000,000 35.00%
GB-ND
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