Wednesday, December 29, 2010

Timberline - A Great Value

Timberline Resources is a Nevada based miner that has revenue of $17 million on a $57 million market capilization.  They expect to start producing 60,000 ounces of gold in 2012.  I have a buy order at $1.13.

I like this company for following reasons;

  • U.S. based miner
  • Located in the very productive Nevada gold belt.
  • Market cap to gold production is low. (60,000 X $1,400 = $84 million in revenue/$54 million market cap)
  • Expecting some additional positive PEA this spring.

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