Troilus Gold Corp T.TLG

TLG vs. ARTG

[AlwaysLong683]

Similarities:

 

Indicated AuEq ounces from MRE

 

Open Pit projects.

 

 

ARTG numbers:

 

Acquired Blackwater site in August 2020.

 

100% owned by ARTG

 

Insiders own 38% of the company

 

Feasibility Study:

Initial Capex:      $750M (had $820M in secured funding available)

Proven Reserves:    7.8M ounces Au and 60.4M ounces Ag

Probable Reserves:  0.2M ounces Au and  1.7M ounces Ag

 

Project fully contracted and permitted while hitting projected deadlines.

 

Project 59% complete as of December 31, 2023 with first pour scheduled for H2 2024.

 

Expansion Study conducted for Phase 2 of mine to increase average annual production to 469,000 AuEq with a strip ratio of 2.01 for LOM at an After-Tax NPV (5%) of $3.25B CAD @ $1,800 USD Au and $23.00 USD Ag currently being considered which will rely on operating cash flows for funding and thus no intention to dilute shareholders via equity financing.

 

 

We'll see how well TLG does in comparison as its project moves forward.

 

[Gutinstincts55]

Two things -  The first is you forgot to mention is the opportunity.  In USDs Artemis is alredy at a $1.27B MC.  Troilus is $141M.  Even after Troilus enjoyed a 22% weekly gain (again US numbers) it is 9x growth away from Artemis numbers.  So you want to simplistically 1/2 that because of a partnership?  That still leaves a 4.5x to Artemis' pre-construction

[Gutinstincts55]

The bottom line on Troilus... There is no reasonable analysis that if this gets permitted MC will not be some multiple from where it is today until they are producing.  Is that answer 4x, 8x, or 10x?  No one knows.  But even at the low end it's a tremendous winner.  As safe a bet as you are going to find at this moment for the return value.  

[AlwaysLong683]

Macro as in price of gold, interest rates on borrowing, inflation on construction contracts and supplies...? ARTG will likely be selling ounces before year end. TLG looks like they won't be making a dime on gold or copper sales until sometime in 2026 at the earliest. If you aren't producing, investors want to see you progressing toward the start of construction, then from shovels in the

[Gutinstincts55]

Troilus won't be producing before 2026.   True.  Investors want to see progression towards construction.  Also true.  What's probably not is the Troilus' team being in charge of that progression once a major is involved.  Your negative mentality towards, well everything is injustified with the amount of information we currently have.  This needs to unfold