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Re: DigiTech post# 58864

Thursday, 11/16/2006 2:28:21 PM

Thursday, November 16, 2006 2:28:21 PM

Post# of 173802
Digitech: re TGB

Those estimate of EPS of 64 cents was that in CDN or US$?

It's been one full yr. since they have been in production and they've had to get a lot of "kinks" out as they are working with old equipment but Ledcore use to run the mine on TGB's behalf. Now TGB has bought out Ledcore and planted their own mgmt to run the site with a very experienced individual (Hallbauer?) who had a load of experience with Teck.

TGB is still a high cost producer but they are reducing costs and increasing production for 2007. We'll see if they can execute their plan. Plus we'll see how far along the Prosperity property (with 9 million ounces of gold)is, the updated feasibility s/b completed soon.

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