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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

Post by AlwaysLong683on Apr 05, 2024 5:06am
143 Views
Post# 35972004

JR The CEO

JR The CEO
It seems a lot of people in here are more than happy to give JR pass after pass on the delayed FS. I suspect the reason is they're already quite heavily invested in TLG and don't want to admit that perhaps they jumped the gun in purchasing so many shares before JR and his people have shown exactly what this project will look like in terms of reserves, initial capex, JV agreement terms, etc. It appears this is JR's first mine build as CEO of a mining company - in other words, the man who makes the final decisions on how this project progresses. Many in here are willing to give him the benefit of the doubt as he goes from "I don't want people to think we're falling behind..." during the Crux interview back in October when he stated the FS should be ready in December but won't release it until early in the new year, to "expect" the release the FS "sometime in May". That's fine - it's your money and your decision. Personally, I prefer seeing FS data, actual terms of a JV agreement (which will almost certainly be the case with TLG), and progress on financing the remainder of TLG's remaining portion of the intial capex and contractor agreements, as these factors are just as likely to drag the share price down as they are to increase it, especially if there are delays, and if there's one thing we know about TLG, it's that they always keep their promises when it comes to the release of key information.
 
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