The Gold Report Interview with Roger Wiegand (10/10/12)
posted on
Oct 10, 2012 03:44PM
Targeting 2013 annual production of 118,000 ounces of gold
The Gold Report Interview with Roger Wiegand (10/10/12) "Timmins Gold Corp. is in northern Mexico. . .we recommended it back in February at $1.22/share. That particular company and that stock have been excellent for our readers, traders and investors. We've had some of them in and out of Timmins four or five times. Some people just buy it and sit on it. If you're going to do a buy and hold, that would be one of the few that I would put in that category simply because it is a producer now. It employs about 650 people. The mine continues to expand. It has done everything right from the standpoint of starting and running a business. Timmins' management is superior. We would look for that stock to do much better. It's what I would call a good, growing stock. . .normally, with a company like Timmins, the shares might be $10, $15 or $20, but it is a young company, and it is growing quickly. But, as a producer, not just an explorer, Timmins has everything in position to continue to produce and to grow, yet is priced today somewhat like a junior company would be. It's common for us to see these junior stocks in the $1–3 range and we see a lot of growth on the upside. Its advantages include superior management, solid financing, low-risk geography and being a producer. By being a producer it doesn't have to go out and raise money, even though it is priced like an explorer."
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31642038&l=0&r=0&s=tmm&t=LIST#QyVx75FtySfhhlss.99