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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (42271)	3/4/2019 8:19:35 PM
From: Goose94	Read Replies (2) of 202700

Torex Gold Resources (TXG-T) top pick from Jon Case on BNN.ca PDAC2019 Market Call Monday March 4th @ 1200ET Torex is a mid-cap producer operating the ELG mine in Mexico. Production is about 400,000 ounces per year. Costs are near the bottom of the peer group at $770 per ounce all-in sustaining costs. The company is coming out of a capital spend period and going into cash generation/harvest mode. We believe that’s a favorable time to own a gold company. We expect Torex to generate $100 million of FCF before debt in 2019, giving it a FCF/EV yield of 7 per cent. Torex has good potential to add high-grade ounces to its mineral inventory. We saw this happen first with the Sub-Sill discovery and again with ELD Deeps, both underground deposits. What‘s unique about these is Torex has shown that it can quickly move new discoveries into the mine plan and convert them to cash. We think there’s exploration growth potential not reflected in the share price.

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