Timberline Resources Corp (TLRS)

[Edge83]

Timberline Resources // TLRS // OTC, also TBR.V // TSX

Canadian based company with multiple properties in Nevada.
M&I 1.5 mil oz Au, 13.6 mil oz Ag, Inferred: 375,000 oz Au, 2.2 mil oz Ag
Majority of gold reserves on Talampas property (14,870 acres), a low risk partially permitted open pit heap leach project (M&I 1,012,000 oz Au @ 1.11 g/t). Another zone on property is 7km long and untested. PEA (4/15): gold at $1150/oz has 38.8% IRR, this goes up to 52.6% at $1300 gold. 55,000 oz/yr avg gold production for 10.8 years. AISC $599/oz Au.
They also have several other promising properties; one with some NI 43-101 compliant resources and further exploration potential and one that is not well explored yet (historically had high grade ore).
Ownership: Gunpoint Exploration Ltd. 8%, Mgmt and directors 9% (fully diluted 15%) Timberline acquired 100% of Talampas property from Gunpoint for 3.5 mil shares. Also owe $12.5 mil if gold price under $1600, if over $1600 for 3 months, they will pay another $10 mil (can be paid 50% in shares at Timberlines discretion). Upon completion Gunpoint retains a 1% NSR.
Shares outstanding 24 mil, fully diluted 36 mil. Thinly traded stock, market cap mid Dec 2016 still under $10 mil.
Ihub board: http://investorshub.advfn.com/Timberline-Resources-Corp-TLRS-7291/ http://timberlineresources.co/corporate-presentation/