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Turquoise Hill Resources Ltd. TRQ


Primary Symbol: T.TRQ

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine...


TSX:TRQ - Post by User

Comment by Whatr_udoingon Mar 09, 2017 2:55pm
221 Views
Post# 25959257

RE:mongolian divided

RE:mongolian divided

You hit on the elephant in the room. Will the GOM sell or forego their share of OT in exchange for higher royalties and an earlier payout? Given their current financial crisis they may not be wont to take on another US$2B in debt over the next 3-5 years for underground development. 
Since TRQ carries the GOM's debt RIO might be keeping their powder dry incase the GOM's share comes on the market. I'd prefer the GOM keep their interest as it will pay dividends to them for 50 to 100 years though that didn't keep them from stalling the project.for 3 years. They've been a poor and unstable partner that choked the golden goose. I guess that should be expected in developing countries. 
TRQ continues to be a value play. IMO

 

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