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Troilus Gold Corp T.TLG

Alternate Symbol(s):  CHXMF

Troilus Gold Corp. is a development-stage mining company advancing and de-risking the former gold-copper Troilus Mine towards production. The project is located in the top-rated mining jurisdiction of Quebec, Canada. A PEA completed in 2020 ranks Troilus among the top gold mines in Canada today. A PFS and updated Resource Estimate are expected in mid-2022. Led by a team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.


TSX:TLG - Post by User

Comment by AlwaysLong683on Mar 03, 2024 2:45pm
67 Views
Post# 35912157

RE:RE:RE:RE:RE:RE:Psychology 101

RE:RE:RE:RE:RE:RE:Psychology 101
Could be. TLG's Toronto office on Lombard Street is less than 2km away from the Metro Toronto Convention Centre and the Royal York Hotel in downtown Toronto (PDAC sites), so it seems logical that, if potential investors / lenders / partners want to discuss business in person, they wouldn't have to go far by cab (limo?), so let's give TLG the benefit of the doubt re. PDAC attendance. Since they're paying for two corporate offices (one in Monteal, which would be logical given the project is located in Quebec, and the other in Toronto), they might as well use their Toronto location for PDAC.
 
If TLG simultaneously releases a set of signed agreements outlining full financing of the project's initial capex along with the FS, the company's behaviour to date re. the FS release delays would be understandable. That said, this would be highly unusual. The typical procedure is to release the FS by itself, then shop it around to various interested parties and negotiate financing agreements / partnerships until the project is fully financed. The FS's capex numbers don't change when negotiating the financing, and with the public release of the FS by itself, all potential funding sources can become aware of the economics of the project and express interest in potentially cutting a deal to finance a portion of the build. Thus, I'm happy to wait and see how TLG's management handles the rollout of their FS and a sizeable porton of their financing and contracting agreements before making an investment decision.
 
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