RE:There is a time limit for the formal valuation
Given that the management are granting options, the compensation committee on the board comparing peer performance, and just general knowledge of brokerage analyst coverage, their own balance sheets, guidance etc.,. This one shareholder thinks it is ridiculously slow that in our modern, fast paced markets management isn't well aware of their current value estimate vs market pricing. I realize it takes some time to assemble a report, perhaps engage an outside consultant to review and assemble ... but four months? Give me a break. Four weeks, maybe. Think of the numbers of companies that engage in share buyback programs, and any company the size of TRQ should always be assessing on an ongoing basis whether buybacks are a option.
TRQ is valued on the forward price expectations of copper and gold prices vs sunk capex financing costs and ongoing input costs - labour, equipment and fuel mostly (?). There is such a degree of variance in all those, and in general stock market gyration, again, the turtle-speed reluctance to opine of valuation is pretty lame.
Grumpy? Yeah, probably. About Rio low-balling, about the long go-slow negotiations with Mongolia, about Ukraine and Covid and monkey pox, about our endless unresolved JVA and IA which seem so contrary to the spirit of the Earn-In and our toe-holding Rio into OT in the first place.
Grant my more patience I guess. But after almost two decades the needle on my patience tank is getting close to "E".
cg