Something else nice from RB regarding TF Draft Pick TRGD.
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By: lootfest1234
10 Nov 2006, 08:05 PM EST
Msg. 7172 of 7178
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Worth $2 PPS as of now.Today on lower volumne.This stock is drying up.The cognicenti,us my fellow share holders,are NOT selling.And I did not get my buy order filled today.So a new buy order in Monday .
But just consider 2 factors that give Tara Gold value.A porfolio of mining shares valued at near $10 million.In 2007 cash flow to us,from our JV mines;Pichaco,Lluviado Oro,La Currita:$10 million,more depending on mine development.That of course if profit.On a PE of a low 5,there is $50 million value in mining profits ,plus a $10 million portfolio=$60 million m/c.Close to today's m/c.
Our P.P.S. as of now,gives no value to our ability to acquire new properties,(That alone is truly exciting)no value to all our exploration potential.What is San Miguel alone worth? Or Las Minitas-100 million ounces of silver minimum,maybe 500 million ounces? Or our rich base metal play,Pilar de Mororiba? A play that initial testings suggested was a 'beauty'.Or La Millonaria-a play our geolodgist values highly.
When Tara Gold was 30 cents,I could see the potential for a $3 stock,2 years out.Now a blunt ,simple opinion;I believe Tara Gold is worth $2.00 a share, as it stands now.Based on the recent action,I expect us to be a stock valued at $1.00 before end of year.That is before the public even start buying in.
Regardless,of P.P.S.,I am in for 2 years-because it will take that long to prove up San Miguel,and explore our current properties and expand our 3 mines producing mines. Within my 2 years,a lot of new properties could totally alter my time/value perspective.I now believe my $3 figure 2 years out will be well left behind within that time frame.
Remember-many,if not all our properties,will NOT have been subject to the high quality analysis of Canadian,Australia or american geological analysis.They are properties with often surface mining,inadequate drilling,inadequate exploration.However,note the price rises of some of our JV partners.Some people are realizing the quality of properties Tara is holding.
We own an excitement machine-and the general public have not even heard of us.There are still not a lot of buyers for our stock,regardless of the price rises of the last month or two,or the run of the last 2 days.We remain underknown.I do not mind.
GB-ND
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