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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (71475)	11/25/2019 8:12:29 PM
From: Goose94	Read Replies (2) of 202706

Teranga Gold (TGZ-T) top pick from Robert McWhirter on BNN.ca Market Call 2nite Monday Nov 25th @ 1800ET A very speculative gold company with a producing gold mine in Senegal. Their Wahgnion mine in Burkina Faso is ramping up to commercial production and is 800 kilometres south of Semafo’s Boungou mine, which was recently closed a result of the deadly attack on Semafo’s employees on a road to the mine site. Teranga’s cash flow per share estimates for 2020 and 2021 have been revised upwards in excess of 20 per cent in the past 90 days. Cash flow per share is forecast to grow 90 per cent in calendar 2020, giving a 2.5 times price to cash flow multiple. This is a 65 per cent discount to price-to-cash flow multiple of the materials index. Taranga’s mine is 20 kilometres away from Barrick Gold’s Massawa 4-gram-per-ton gold property, which Barrick has said is up for sale. Teranga would be the logical buyer if they can agree on the purchase price and secure the necessary financing for the estimated $385 to $450 million cost. The $8 median price target by three analysts implies 48 per cent upside potential.

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