Posted by: Bobwins In reply to: None Date:10/24/2006 10:54:11 PM Post #of 104
I am submitting Tara Gold Resources, TRGD.pk, as a potential Draft pick. Let me know if you have questions or additional requirements. Bobwins
1. Is your prospect a pinksheet? Yes, trgd.pk and also listed in Frankfurt as T8N
2. What transfer agent does your prospect use? Holladay Transfer 3. What is the capital structure of your prospect? A/S, O/S, Restricted, Float Capital Structure as of October 4, 2006
6. Who is the "guru" for your stock? (This would be the person that has talked directly to the CEO) Bobwins, I have been in this stock for several months and have talked with the CEO by phone and email.
7. Should we expect any dilution? No, Tara has a unique business model that minimizes dilution. They are cashflow positive from property payments from jt venture partners.
BUSINESS MODEL
Tara has a great business model for metals exploration. They have no current production but have found several metals projects in Mexico. They tied up several near term projects that had either operated previously or been explored. After tying up the property with landowners, they found jt venture partners to fund the exploration and development. The partner typically funds all exploration and development, pays Tara some cash, pays the underlying property payments and pays Tara stock. Tara also retains 20-45% of the netcashflow from the project if/when it enter commercial production.
Tara chose three near term producers that Tara expects to enter production in 2007. Tara could have .20eps for 2007 if all goes according to schedule in 2006-7.
LIST of MINES and Partners
Picacho. Jt Venture with Lateegra, LRG.v. Tara retains 35% and gets 600,000 shares. Lateegra agrees to spend 3 million on exploration/development, pay underlying property payments of 7.325million.
Lluvia de Oro. Jt Venture with Columbia Metals Corporation Limited, COL.v. Tara retains 20% netcashflow and gets 1.5 million shares of COL.v. There is a buyout formula.
LA CURRITA. Jt Venture with Raven, RVGC.ob. Tara get 40% netcashflow and gets 750K shares of RVGC.ob. Raven provides all funding to bring mine to operations.
These three mines are scheduled for operation in 2007. Tara should receive substantial cashflows from these three mines which will provide cash to make more deals and fund development for Tara of their own independent projects.
Other Mines
San Miguel. Silver/gold project with Paramount, PDGP.pk. 700K shares for Tara and Paramount funds 80% of development and underlying property payments. Tara retains 30% of netcashflow. Paramount has extensive drill program that should significantly increase NI-43-101 reserves.
Las Minitas. Silver project with Raven, Rvgc.ob. Big silver project with over 100 million oz resources. 750K shares.
La Millonairia La Estrella 100% base metal project Pilar De Mocoribo Grouping
ACCOUNTING RECORDS Tara has had trouble getting their financials caught up due to poor records of their Mexican subsitidary. They are on their third CPA firm. Recently they engaged a Mexican subsidiary of Deloitte Touche to finish the records and then another firm will complete the audit, hopefully by yearend. CEO Biscan realizes the value of an otc listing.
Joint Venture Stock Portfolio Tara has the following stocks in its portfolio. It is currently valued at 4.6 million.
Commercial, COL.v 1.5 million shares at .25 Lateegra, LRG.v 600K shares at .96 Paramount, PGDP.pk 700K shares at 2.18 Raven, RVGC.ob 1.5million shares at 1.52
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