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Tahoe Resources (THO)

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Last Post: 4/11/2016 1:15:58 PM - Followers: 6 - Board type: Free - Posts Today: 0

Tahoe Resources THO
Tahoe Resources Inc. THOEF



Financials and Production

$117 million in cash and no debt

115 million shares outstanding

122 million shares fully diluted


Tahoe wasn’t even in existence a year ago,  now all of the sudden it’s worth over $1 billion and owns one of the largest, highest grade silver projects in the world.

The company believes that Escobal could rival the Fresnillo mine which produces 34 million oz of silver per year.

Tahoe is still in the early stages of the project, and it will be at least 3 years before the mine enters production. Over the next year they will complete more drilling to better define the resource, as well as explore for new silver veins.

Management is the big selling point here. You basically have the former team who ran Glamis Gold, including Kevin McArthur who was the CEO of Glamis and then Goldcorp. And Goldcorp owns a 40% interest in Tahoe, so they are looking for the company to succeed as well.

What are some negatives? Well, this is the same team that constructed the Marlin mine in Guatemala, which could be shut down due to environmental concerns. Goldcorp claims that there is no proof that the mine is causing damage. Tahoe doesn’t seem to be worried about this effecting Escobal, but I would still be a little concerned.

Also, the shares aren’t exactly cheap, but they aren’t overvalued either. Let’s be conservative and say that Escobal can produce 20 million oz of silver per year. That’s $440 million using current silver prices. I think if this mine was in operation today the company would have about a $2.5 billion market cap. Remember this is very high grade silver, so cash cost will be very low. High margin gold and silver producers always trade at premiums. However, the mine is still 3 years out, so I would say that it currently trades at fair value.

If Escobal produces over 30 million oz of silver then that is a different story. We could be talking a $4 billion market cap for Tahoe, and that’s using current silver prices. In the end who knows how big the mine will be. Odds are though it will become a mine, and it will be at least 15 million oz per year and very low cash cost.

Escobal was discovered by Goldcorp when McArthur was the CEO, so he knows exactly what type of deposit it is and the real potential of it. He basically had insider knowledge, and when you have that type of information, plus about $400 million in cash, you can confidently go out and buy projects like Escobal.

I would imagine that Tahoe Resources will soon become a more popular name among gold and silver investors.




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Current Price
Bid Ask Day's Range
THO News: Statement of Changes in Beneficial Ownership (4) 10/12/2016 04:58:19 PM
THO News: Statement of Changes in Beneficial Ownership (4) 10/12/2016 04:50:56 PM
THO News: Statement of Changes in Beneficial Ownership (4) 10/12/2016 04:20:36 PM
THO News: Statement of Changes in Beneficial Ownership (4) 10/12/2016 04:03:00 PM
THO News: Statement of Changes in Beneficial Ownership (4) 10/12/2016 03:56:40 PM
#46   Yes ROBOTSONAR 04/11/16 01:15:58 PM
#45   Here seems a nice breakout. nowwhat2 03/10/16 04:30:04 PM
#44   Great signal today! Nice to see a ERTguy 02/25/16 05:19:53 PM
#43   Thanks Bob jsc52033 02/25/16 12:06:45 PM
#42   jsc52033 welcome to Tahoe Resources (THO) - NYBob 02/24/16 09:41:48 PM
#41   Looks like I will be watching this one jsc52033 02/24/16 12:17:24 PM
#40   Welcome to Tahoe Resorces (TAHO) - NYBob 02/24/16 10:37:46 AM
#38   Tahoe Resources and Lake Shore Gold Announce Business Combination NYBob 02/09/16 01:15:28 PM
#37   %SIVER daily chart - NYBob 02/09/16 01:07:07 PM
#36   Tahoe Resources (TAHO) - NYBob 02/09/16 01:03:16 PM
#35   Tahoe Resources (TSE:THO) NYBob 02/09/16 12:46:25 PM
#34   More on Royalty Legislation (Negative) SsMurry 12/22/14 10:00:10 PM
#33   Royalty Legislation a Significant Negative SsMurry 12/22/14 09:49:35 PM
#32   Potential Dividend for THO RobbyGG 10/24/14 12:21:24 PM
#31   Looking to get in THO in $36 area boo boo 02/05/13 02:52:04 PM
#30   Why has tahoe been halted today parker1073 06/28/12 12:10:01 PM
#29   Do I see a reverse head and shoulders nuron 05/27/12 01:05:48 PM
#28   Up 8 bucks in 2 months. That's Hockmir 02/26/12 10:55:00 PM
#27   Tahoe Resources Investor Presentation Now Available for On-demand Hockmir 02/07/12 07:05:31 AM
#25   Not bad. Up about $4 - $5 Hockmir 12/26/11 05:33:40 PM
#24   Interesting chart. It shows how Tahoe is Hockmir 11/16/11 06:44:41 AM
#23   it's certainly understandable fourkids_9pets 09/29/11 04:02:22 PM
#22   You notice more and more of the miners Hockmir 09/29/11 04:01:24 PM
#21   added tho about a week ago for the fourkids_9pets 09/29/11 03:59:16 PM
#20   Looking at the chart over the past several Hockmir 09/14/11 06:39:00 AM
#19   Tahoe has continued to look good to me Hockmir 08/14/11 02:42:05 PM
#18   Still looks like it is holding its own Hockmir 07/23/11 07:46:27 PM
#17   Looking at THOEF vs some of the other Hockmir 07/09/11 07:54:43 AM
#15   Looks like we've bottomed, and starting to climb Hockmir 05/28/11 09:39:08 PM
#14   Here's the 3 month chart for THOEF. Hockmir 04/30/11 11:55:36 AM
#13   Looks like they gave me the Mod slot Hockmir 04/15/11 02:12:56 AM
#12   Thanks, Hockmir. I tried to apply, but didn't Montanore 04/14/11 11:22:10 PM
#11   Tell ya what. I'll apply for Mod Hockmir 04/14/11 06:44:47 AM
#10   That's the chart that I-H automatically throws onto Hockmir 04/14/11 06:43:36 AM
#9   Wrong chart. Your chart is for Thor. goldbaby 04/13/11 05:17:41 PM
#8   I see Tahoe is still working its way Hockmir 04/10/11 06:52:33 PM
#7   For some time we have held the silver Montanore 03/17/11 04:00:13 AM
#6   Stephen Leeb's recent recommendation: Montanore 02/14/11 05:12:57 PM
#5   It just takes a while to find them. Hockmir 02/13/11 04:14:30 PM
#4   I'm surprised to see very few posters or Montanore 02/12/11 11:53:12 AM
#3   Tahoe Resources Inc. Announces Approximately C$306 Million Bought kiwisteve 12/06/10 07:29:37 PM
#2   Tahoe Resources Announces Updated NI 43-101 Resource and kiwisteve 11/29/10 06:42:01 AM
#1 kiwisteve 10/06/10 02:24:53 AM