Jun. 27 at 7:13 PM
$TRX over 400k shares here. My belief is that we will be in a buyout scenario with a TRX Board of Directors clearly assembled to sell the company at the appropriate time, most likely between late 2028 and early 2030. 2029 is my target date, once the company has achieved annualized gold production of 200k ounces per year from a 9,000tpd processing plant and multiple open pit mines and at least one underground mine, and a 43-101 pre-feasability or a bankable feasability study showing ~5m ounces.
My target acquisition price for this company is
$30 per share at a gold price of
$8000 in early 2030, and I think that is conservative.
The torque potential here with the current ridiculously low share price (a temporary side effect left over from the Sinclair years) is insane. Even at over 400k shares long, I'm still buying now because my valuation analysis is just so off of the charts here.
