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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 Apr 06, 2024 5:56am
63 Views
Post# 35974504

RE:RE:RE:With TLG being a VERY VERY SIMILAR DEPOSIT

RE:RE:RE:With TLG being a VERY VERY SIMILAR DEPOSIT
If we assume an initial capex of $1B for the project, I think a joint venture (likely 50/50) with an existing gold mining company is almost a certainty and will provide the money for a large portion of the $1B price tag. Technically no share dilution, but it will result in TLG shareholders only owning 50% of the project and thus collecting only 50% of the spoils. I think the rest of the initial capex TLG is responsible for raising as per the terms of the joint venture agreement gets done via debt financing along with the possibility of an offtake agreement for the copper and/or perhaps JR will change his mind on a streaming deal. I'd be surprised if there was any equity raise at all as fully-diluted shares outstanding are already over 300M, and if TLG shareholders think the share price is cheap, a sizeable equity raise would translate into major dilution.
 
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