16:02:40 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Terraco Gold Corp
Symbol TEN
Shares Issued 143,638,548
Close 2016-07-21 C$ 0.155
Market Cap C$ 22,263,975
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Kwantes says why to buy sponsor Terraco Gold

2016-07-22 21:23 ET - In the News

James Kwantes, in the June 21, 2016, edition of Resource Opportunities, tells readers why to buy Terraco Gold Corp., recently 13 cents. Terraco is sponsoring this edition of the newsletter. This is the first time Mr. Kwantes has recommended the stock, although it is not the stock's first appearance in the newsletter. A previous editor of the newsletter, Lawrence Roulston, said buy on Dec. 29, 2006, at 37 cents and again on Nov. 9, 2007, at 54 cents, and then said sell on Dec. 5, 2008, at four cents. A $1,000 investment for each of the two buys, sold at four cents, would yield a loss of $1.848. Terraco is a gold royalty play that holds royalties of up to 3 per cent on the Spring Valley gold project in Nevada. It also owns an 860,000-ounce gold deposit in Idaho, but royalties are going to be its new priority, according to president and chief executive officer Todd Hilditch. Mr. Hilditch previously hit a "lithium home run" (to use Mr. Kwantes's term) by selling Salares Lithium to Talison Lithium in 2010, years before lithium was the commodity darling that it is today. Mr. Kwantes is long Terraco.

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