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Torex Gold Resources Inc T.TXG

Alternate Symbol(s):  TORXF

Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in exploration, development, and operation of its Morelos Gold Property. The Morelos Gold property covers an area of approximately 29,000 hectares in the prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limon Guajes mining complex (ELG or the ELG Mine Complex), comprising the El Limon, Guajes and El Limon Sur open pits. The Company also hosts the Media Luna deposit, which is an advanced stage development project located approximately seven kilometers from ELG. The Company’s El Limon Guajes underground mine includes Sub-Sill and El Limon Deep, and processing plant and related infrastructure, and the Media Luna deposit.


TSX:TXG - Post by User

Bullboard Posts
Comment by Borisonon May 28, 2011 7:13am
416 Views
Post# 18638736

RE: Big volume, something going on.

RE: Big volume, something going on.The security concerns were a bit of a hiccup, but the market seems to be saying they can work thru this. It would seem to me that this one falls in the "too big to fail" category of juniors - i.e. there is a lot of big investor and institutional money invested here, and they're STILL here. With the price of gold I think this is an excellent pick as we move into the second half of 2011. I wish I had some free cash to buy some more under $2!
Bullboard Posts