November 18, 2018
Re: Terenga Gold Buy Recommendation - Gold & Silver, the Dow, S&P 500 & Nasdaq
Terenga Gold Buy Recommendation
Teranga Gold Corporation (TSX: TGZ; OTCQX: TGCDF) is setting the pace with its quality assets and pipeline of organic growth. Whereas most of its peers are either a value play or a growth story, Teranga stands out from its peers by offering investors both value and growth into a multi-asset mid-tier gold producer.
Record gold production achieved in Q3
Teranga has a reserve base of more than 4 million ounces of gold, has a producing asset, is building its second gold mine and has an attractive portfolio of advanced and early stage exploration properties.
In its most recent release, the company reported that it achieved record third quarter and year-to-date gold production at its Sabodala Gold Mine in southeastern Senegal, West Africa. What’s more, Teranga is on track to achieve full-year production at Sabodala of between 235,000 and 240,000 ounces in 2018, which is an increase from the company’s original guidance range of between 210,000 and 225,000 ounces. This isn’t surprising, considering that Sabodala is currently running more than 25% ahead of the block model and has produced more than 1.5 million ounces of gold since 2010.
As of the date of the last technical report (June 30, 2017), Sabodala had a reserve base of 2.7 million ounces of gold. And with a remaining mine life of 13 years, Sabodala is expected to continue its impressive production rate. In fact, during the five-year period 2018 to 2022, the mine is expected to produce over one million ounces of gold and generate $230 million in free cash flow. The company expects to reinvest this free cash flow in projects that will increase company-wide production to 500,000 ounces of gold per year.
What’s more, Sabodala’s year to date per ounce cost metrics were all lower than the prior year periods, placing the company on track for the lower end of its full year per ounce cost metric guidance ranges, mainly due to higher grades being mined and processed.
Secondary gold project ramping up in 2019
And let’s not forget about Teranga’s fully funded second gold mine, Wahgnion, which is a fully permitted open-pit project located in the southwest corner of Burkina Faso, West Africa, a major gold producing district host to several world-class gold deposits.
The company reported that construction of Wahgnion is on schedule for first gold pour in December 2019. They also noted that the open-pit proven and probable reserves recently increased by nearly 40%, or 450,000 ounces, to 1.6 million ounces of gold. This extends the initial mine life from 9 years up to 13, which is very encouraging. However, this is just the beginning as Teranga plans to drill out additional regional targets on the surrounding permits that have the potential to become resources.
Wahgnion (previously known as Banfora) was acquired in October 2016 as part of Teranga’s acquisition of ASX listed Gryphon Minerals.
Getting in on gold
As mentioned, gold has had a hard go this year, but Teranga continues to generate cash and deliver on its strategy. If you are interested in adding gold stocks to your portfolio, you may want to consider investing in Teranga Gold as it transforms into a mid-tier gold producer in a booming gold region.
In an Early Warning Report Teranga’s largest shareholder Tablo Corporation (“Tablo”) announced its intention to acquire an additional amount of up to 5% of the Issuer’s 107,343,902 currently issued and outstanding common shares (the “Shares”) over the next twelve months in reliance on the Normal Course Purchase Exemption pursuant to National Instrument 62-104. Tablo is controlled by Mr. David Mimran, who is also a director of Terenga. Tablo currently owns and controls 21,273,600 Shares, representing 19.8% of the issued and outstanding Shares which will not result in shareholder dilution.
Tablo is in it - - - to win Terenga Gold!
So, should you.
Gold & Silver, The Dow, S&P 500 & Nasdaq
Gold & Silver
Let me state this again:
Before Gold goes up it must first go below $1,000.00 and below $982.50 and then reverse and go above $982.50. Only after this reversal takes place will Gold go to $5,000 or as high as $20,000 and Silver to $50.00 plus.
We continue to believe those predictions provided by Marty aided by his super Artificial Intelligent computer Socrates, will come to fruition.
Until we get that $982.50 turnaround signal, we are continuing not Day Trading Gold nor Silver for ourselves or those Investors on whose behalf we Day Trade.
As per the January 1, 2018 Chart of the NY Gold Nearest Futures, the Gold channel support is at $1,144.03 and when that is broken then - - - watch out below.
The Dow, S&P 500 & Nasdaq
Other than Thursday the Dow, S&P 500 & Nasdaq were Down.
We Day Traded the Futures and I made excellent Return on Investment for myself and those Investors on whose behalf I Day Trade. If the Dow, S&P 500 & Nasdaq are still down on Monday or Tuesday I will buy some more.
For those that only buy the Indices this down spike certainly is a buying opportunity!
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From Mining Interactive Corp. in Vancouver, Canada
Nick L. Nicolaas
Direct: +1 (604) 657-4058
Nick L. Nicolaas; Mining Interactive Corp. and its Associates (collectively referred to as NLN) are not registered advisers and do not give investment advice. NLN’s trading comments are an expression of opinion only. NLN may have an investment in some of the companies or trading instruments NLN mentions or writes about, nothing should be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While NLN believes all statements to be true, they always depend on the reliability of NLN’s sources. NLN recommends that you consult a qualified investment adviser, one licensed by the appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions and NLN urges you to confirm the facts on your own regarding any trades or companies NLN mentions before making important investment commitments. The “Stock and Private Placement” alerts written and distributed by NLN do not, and cannot, constitute a recommendation to buy or sell any security.
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WE SEEK SAFE HARBOUR
The material in the “Trading Based on Martin Armstrong Socrates Alerts” and the “Stock and Private Placement” alert letter published by Nick L. Nicolaas is for informational purposes only and is not intended to and does not constitute the rendering of investment advice or the solicitation of an offer to buy securities. The “Trading Based on Socrates” and the “Stock and Private Placement” alert discussion contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The Act). In particular when used in the preceding discussion the words “plan,” confident that, belief, scheduled, expect, or intend to, and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the ACT. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include but are not limited to future events and financial performance of the company which is inherently uncertain and actual events and/or results may differ materially. In addition, we may review investments that are not registered in the U.S. We cannot attest to nor certify the correctness of any information in this note. NLN owns shares in Meadow Bay Gold Corporation; Ashanti Gold Corp; Klondike Silver Corp; Northern Dynasty Mines; Exeter; Arrowstar Resources, Klondex Mines, Dynasty Gold and Terenga Gold. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
November 18, 2018