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  1. #1
    percy
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    Default TGM Theta Gold Mines

    Australian Gold miner mining in South Africa.
    https://sendy.tarawera.co.nz/l/J6oLV...xpfZJibsTIlf8A

    Our Own Giant Goldfield – The Eastern Transvaal Gold Fields
    A ‘NEW’ Goldfield in South Africa with resources from surface is awakening.

    Theta Gold Mines Limited controls the Eastern Transvaal Gold Fields, where South Africa’s gold mining industry began almost 130 years ago. And we’re bringing open pit mining to this large and Historical shallow underground mining goldfield.

    The Transvaal Gold System sits geological on the eastern side of Bushveld Complex the largest igneous intrusion on earth (Figure 1), where 40-50% of world’s gold production came out of the globally-known Witwatersrand Goldfield.
    Last edited by percy; 09-04-2021 at 08:11 AM.

  2. #2
    percy
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  3. #3
    percy
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    Last edited by percy; 13-04-2021 at 02:53 PM.

  4. #4
    Guru justakiwi's Avatar
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    Default

    Thanks Percy. I know literally nothing about gold mining, so much of it went right over my head, but it looks like a fascinating project.

  5. #5
    FEAR n GREED JBmurc's Avatar
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    Sep 2002
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    Central Otago
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    Default

    Yes another cheap SA Gold Play thats also wanting on their MR ... I heard the DMR have 1000+ MR to process .... Got my Funds in WWI purely as a T/O play not interested in holding LT for production give me another 100-200% return and I'll be happy to take it and walk ...
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  6. #6
    percy
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  7. #7
    Legend peat's Avatar
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    Aug 2004
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    Whanganui, New Zealand.
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    Default

    company has been around a long time.... sure its not another NTL?
    For clarity, nothing I say is advice....

  8. #8
    Member
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    Sep 2020
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    Quote Originally Posted by percy View Post
    Interesting that they have a such a high margin especially seeing that nearly all their gold is underground not open pit. Are you bullish on the company?

    Something doesn't feel right when I notice they asked for 10 mil in a cap raise and only got 3.

    How does it compare to CAL? Very similar market cap

  9. #9
    percy
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    Last edited by percy; 21-04-2021 at 08:08 AM.

  10. #10
    percy
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