Are you ready to cash out some quick profit before the weekend begins?
Immediately turn your attention to TLR (Timberline Resources Corp.).
TLR is the perfect alert to keep our long and profitable summer win streak going...
This NYSE-listed company is trading just above its 52-week low with plenty of room to run!
About the Company:
TLR is focused on advancing district-scale gold exploration and development projects in Nevada, including its recently optioned Talapoosa project in Lyon County. Current mineral resources(1) at the Talapoosa project include 1.01 million gold ounces and 13.65 million silver ounces (M&I), plus an additional 0.23 million gold ounces and 2.17 million silver ounces (Inferred). Timberline also controls the 23 square-mile Eureka project lying on the Battle Mountain-Eureka gold trend.
At Eureka, the Company continues to advance its reported resource(2) of 508,000 ounces (M&I) and 141,000 ounces (Inferred) of gold at the Lookout Mountain project area, and has recently completed a drill program at the Windfall project area. Exploration potential occurs within three separate structural trends defined by distinct geochemical gold anomalies. Timberline also owns the Seven Troughs property in northern Nevada, known to be one of the state's highest grade, former producers, as well as a 50% carried-to-production interest in the Butte Highlands high-grade underground gold project in Montana.
Timberline's Talapoosa PEA Indicates $136M After-Tax NPV and 39% IRR at $1,150/oz Gold with $51M Pre-Production Capital Costs
The PEA (Preliminary Economic Assessment) confirms Talapoosa's robust economic potential as an open pit, heap leach gold operation using contract mining at a processing rate of 3.8 million tons per annum (Mtpa). Specifically, using the base case price assumption of $1,150/oz gold and $16/oz silver, Talapoosa has an estimated $209 million after-tax net cash flow, $136 million after-tax net present value (NPV) at a 5% discount rate, an attractive 39% after-tax internal rate of return (IRR), and a low initial capital cost of $51 million.
Kiran Patankar, Timberline's President and Chief Executive Officer, commented, "We are extremely pleased to have achieved this important milestone just a short month after having acquired the Talapoosa option. Our technical team capitalized on a well-defined mineral resource that had undergone extensive historic engineering and permitting work to deliver a high quality PEA ahead of schedule. This illustrates the clear advantages of working with a technical group that is actively involved with comparable Nevada gold development projects and had prior experience with Talapoosa.
"The PEA presents a development scenario that demonstrates strong economics using conservative metals price assumptions and, importantly, fits within the scope of the previously permitted operation. As a partially permitted project in a low-risk, pro-mining jurisdiction with estimated average annual gold production of 55,000 oz, all-in sustaining cash costs of $599/oz of gold (net of silver), initial capital costs of $51 million, and potentially significant opportunities for future optimization and resource expansion, we believe Talapoosa is in the top quartile of North American gold development projects. Based on these encouraging results, we plan to further optimize Talapoosa through the completion of a Pre-Feasibility Study, which we expect to complete in Q1 2016."
Technical Analysis:
Trading at just $0.44 per share, TLR is extremely undervalued, especially when you consider the massive revenue potential of their Talapoosa project.
You have the opportunity to pick up shares of TLR while it's trading at more than 75% below its 52-week high of a $1.80 per share.
These type of buying opportunities don't come along two often!
Analyst's at Bloomberg believe that gold-mining stocks are grossly oversold at the moment, and that a big rebound is on the way!
We are anticipating a major bull rally for TLR today, and with its tiny float of just 9.1M a high double-digit percent move in share price seems imminent!
In our amateur unlicensed opinion, we see very little downside risk and incredible upside potential with TLR.
TLR has proven it can hold support time and time again, and we are confident that it will break $0.50 well before it drops past $0.40 per share again!
If you've been following our newsletter, you know that we have been right on the money with our opening bell alerts.
TLR has what it takes to be our next big winner, in what has already been a very profitable summer!
Don't waste another minute.
Get TLR up on your trading screen right now!
