RE:OT MongoliaTELEMARKER wrote: Oyu Tolgoi
At peak production, OT is expected to operate in the first quartile of the copper cash cost curve (3). OT is expected to produce around 500,000 tonnes of copper per year on average from 2028 to 2036 from the open pit and underground, and an average of around 350,000 tonnes for a further five years (4), compared with 163,000 tonnes in 2021 (5). The underground ore reserve has an average copper grade of 1.52 per cent, which is more than three times higher than the open-pit ore reserve, and contains 0.31 gram per tonne gold
TRQ (part owner of OT) is yet another example of how reverse splits rarely work out well. Remember, TRQ was trading at almost the exact price of TGB when the reverse split (1:10) occurred. Now, with all of this great news, TRQ still trades below TGB by about 20 cents US (split adjusted). Not saying OT isn't an amazing asset but considering the three way ownership and reverse split, TGB remains the better play than TRQ.