TSX:TLG - Post Discussion
Post by
Whateverrr on May 06, 2024 1:50pm
Obvious
Sumi as a possible buyer ( or partner ) of TLG has always been obvious & in play with the current deposit. Bonus, Sumi highgrade assays right on boarder of TLG claims. Additionally as I have said, they(Sumi) should also wait for the right price between soon after possible TLG deal up to a few years, buy back the huge TLG claim that Sayona has, discounted in price due to Sayona mess. If they(Sumi) are highly enamoured with the deposit and reamineder of the claim the prudent thing would be complete buy out. TLG, post permitting, DFS and a few other minor items, presents zero upside or benefit for Sumi to build or mine here. No need to bring along dead weight TLG 2025 and beyond.
If one major likes this project it is likely more then a few others will take a serious look or run at it too. Comment by
Gutinstincts55on May 06, 2024 12:09pm 
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Post# 36025096
RE:Sumitomo
In the past I've not had an opinion on the Sumi angle one way or the other. I thought it to be possible, but never really gave it a deep dive to see how much so. Since Troilus purchased the UrbanGold property on 5/18/21 it connects directly to the Sumi resource. If Sumi were to buyout Troilus they'd have between 13-16M oz with 2-5M of them being at high grade. Running it all through the same mill would be a CAPEX changing dream for them. With known other targets on the Troilus property they would have 30yrs total mine life to start with even longer future exploration potential. Now that all of the pieces make sense to me, boy would this workout for all parties involved. Interesting times ahead for sure. Let's see how this all plays out.
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