Post by
hairygold on Jun 28, 2021 1:02pm
What gives?
The last time I looked at this in 2017, gold was under $1,200/oz and Torex stil had a lot of debt on its balance sheet. Now, they've basically paid off all the debt and Torex is trading at the same price with gold at $1,778. What gives? I have only seen upwards revisions of their reserves, I think?
No one serious thought that mining system the old CEO was pushing for years was going to make any money, did they?
Comment by
divestor on Jun 28, 2021 1:32pm
My guess is that the Mexico discount is back. Check out the blockade at the Los Filos mine nearby.
Comment by
1condor on Aug 16, 2021 10:41am
I keep checking back every month to see how the SP is doing. I originally was looking when it was 18 then 16 then 15 now 13...no doubt undervalued but no bottom is sight??