The company is for real, but the drop in the price of gold is real also. All the company's profits will evaporate if gold hits $1050. With gold at $1200, the P/E based on the current stock price should be around 12.
During quarter 3 Timmons had a special charge due to inventory write down. Also, keep in mind that about $4M is charged against profits for depreciation, which is a non-cash item. The company is actually producing about $12M in cash flow each quarter at current gold prices. Capital expenditures were about $10M in quarter 3, but that is expected to drop in 2014.