Troilus Gold Corp T.TLG

Financing deal

[tomgranite]

Take it for what it is worth, but Justin said ''that is what really I've spent most of my time on, full financing packages''..............  ''Partnerships with majors''.

Play from 15:00 to get full context

TROILUS GOLD | Red Cloud's Pre-PDAC 2024 (youtube.com)

[metalhead666]

If that's true...and it makes sense given the high price tag....they clearly cannot do it alone....what's the value of a TLG share for 50% of the project?  Without the FS I haven't a clue.

[tomgranite]

Artemis is your guideline, $2.8bil NPV, so 50% is $1.4bil discounted by whatever percentage you want for a project that is not yet  permitted. Current market cap is $152m i.e. 11% of NAV.  Will the market give more value for a FS $1.4bil NAV than 11%? I think so, which is why I'm holding shares.

[metalhead666]

We don't know what the NAV is so we can't know what half of it is.  That's what the FS is all about. ARTG had massive private investment, lower share count on a similar mine footprint so it's not really an apples to apples comparison. At this point in development TLG should not trade at more than 20% of NAV. So it all comes down to variables we don't yet know. What if a JV

[tomgranite]

Artemis grade and size of deposit are both extremely similar to Troilus. That is what will affect the NPV in the FS. Massive private investment and lower share count have NO influence on the FS. You are burying your head in the sand if those are the sort of arguments you are coming up with in order not to be invested at this stage. 

[metalhead666]

Didn't say it affected the FS...  ARTG had huge insider money which they didn't need to borrow at interest.  Debt affects the NAV. Share count matters as the NAV is divided by the share count to arrive at a relative share price. You can make up whatever numbers you want but I'm waiting for clarity. That's all. Have a nice day

[tomgranite]

Share count does affect the share price, I agree. Where we disagree is that I say that share count does not affect the NPV or the IRR in the FS.

[AlwaysLong683]

The only real similarities between ARTG's Blackwater project and TLG to date are they're both low grade bulk tonnage open pit projects with what is (to date) a similar Indicated AuEq resource.   ARTG is years ahead of TLG in terms of mine construction and have recently announced they will consider implementing an expansion proposal of their Blackwater project to accelerate the

[AlwaysLong683]

CORRECTION TO PREVIOUS POST: I suspect ARTG's LOM will be longer at around 25+ years... SHOULD READ: I suspect TLG's LOM will be longer at 25+ years.......

[rdy2rumble]

Is "suspecting" akin to "assuming"?? Because you know what they say when you "assume" something.

[tomgranite]

Which is why Artemis market cap is more than 10 times Troilus market cap.