Value Microcaps Junior Miners

[dr_airtime]

Tim - Re: EDV.TO..

...I agree. $1.15 may be a stopping point on road to higher SP but this will happen only with rising POG since EDV.TO has mid to upper tier AISC and cash costs and is therefore a leveraged bet on POG.

Sure was quiet on this board this week.

I'm still mulling trading in my Primero for more Teranga at $1.00. Have a big position at $.60 but this seems to be most rational buy around IMO as you can tell by my posting on TGZ.TO round' here.

Still only a $300M MC with at least 200k of gold production per year accruing to equity holders (post FNV gold stream which is around 20k oz/year of gold - actual production 220k/year +), 10 year mine life and bottom quartile cash costs/AISC.

Teranga is taking a well deserved rest. For a bit of history - the gap between $.45 and $.57 around December 12th was the day the win-win FNV gold stream was announced and the massive volume around mid January when Austrailin Miner Mineral Deposits basically sold all their shares to Cormark/Sprott:

http://www.theage.com.au/business/markets/quotes/announcement/TGZ/teranga-gold-corporation/1483321

http://stockcharts.com/h-sc/ui?s=TGZ.TO