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Bullboard - Stock Discussion Forum Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc is an emerging copper and silver producer in the African continent. Trigon operates through the development of its Namibian mining and exploration permits. The company's projects include Kombat Mine and Gross Otavi in Namibia and the newly Silver Hill copper-silver exploration project in Morocco.

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Trigon Metals Inc  > WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!
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WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

juniorbullalive (10715) | July 20, 2022 08:40 am

And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 

RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

GassXX (10025) | July 20, 2022 02:22 pm

Great news , thanks Junior

RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

personal (29) | July 20, 2022 02:59 pm

MPartners research report - a good one.

We have a Research Flash on Trigon Metals Inc. (TM – TSXV).
 
This morning, Trigon Metals announced it has entered into a non-binding term sheet with Sprott Resource Streaming and Royalty Corp. and Sprott Mining Inc. for a US$27.5M silver and copper stream for the Kombat Mine in Namibia. We view this news as a major catalyst for the Company as the funds will be used to quadruple production over the next 2-3 years while dramatically reducing costs. We expect the Company to trade at 2x today’s value based on the expected ~C$30M of cashflow in 2024 with peers currently trading at 2.1x 2024E P/CF.
 
Stream Terms: TM agreed to sell 100% of the silver produced from the Kombat Mine to Sprott with an additional stream of 3.15% of copper produced commencing when phase one underground mining begins and terminating when phase two begins at Asis Far West. The US$27.5M will consist of US$25M from Sprott Streaming, and US$2.5M from Sprott Mining. The US$2.5M (9.1% of the stream) shall set-off against the US$2.5M loan from Sprott Mining announced on May 24th, 2022. Most importantly Trigon may buy back up to 50% of the Stream in a single cash payment to Sprott Streaming with a pre-determined multiple depending on the year of payment (Table 1).
 
The Stream significantly de-risks the project as the operation is no longer capital constrained and can begin the various activities planned for operational growth. These growth projects include:
  • Ramp open-pit drilling – Management feels there remains significant opportunity for open-pit resource growth (drilling is ongoing)
  • Upgrade the Mill – There exists a bottleneck in the crushing and grinding circuit which will now be upgraded with the new capital
  • Dewatering – Begin de-watering activities of the underground workings
  • Underground Fleet – The Company plans to acquire an underground mining fleet as it plans to operate the underground mining inhouse (vs. the current contracted open-pit workforce)
  • Re-establish Services
  • Resource Growth – Once the underground is de-watered, TM plans to initiate a large drilling campaign with a focus on growing the high-grade resource substantially
 
The above growth initiatives combined will allow the Company to ramp production from the current 8 Mlbs of copper concentrate per year to the planned ~30 Mlbs by 2024. In addition, TM has provided production guidance out to 2027 where production will further ramp to ~69 Mlbs/yr. We also note that during this period cash costs are expected to drop from the current range of $3.00-3.50/lb to $1.75-2.00/lb by 2026.
 
Catalysts:
  • Kombat Drill Results
  • Kombat Commercial Production Announcement
  • Silver Hills Drill Results
  • Growth Initiative Milestones

RE:RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

juniorbullalive (10715) | July 21, 2022 08:01 am

There will now be a push on institutional presentations to bring in meaninful buying . The retail small trader crowd has been the primary holders of TM and likely will continue but is unable to push the stock where it should be , ie near $1  .The 20 % or so of the float thats loose will quickly be sucked up by even just one large institution - with funding in place expect the road shows to begin immedietley from what Ive heard .

RE:RE:RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

Joe455 (18325) | July 21, 2022 04:07 pm

I'm glad that I listened to Red rather than Junior when this was 60 cents and Junior was pumping like crazy.  I can't recall Junior ever being right.
juniorbullalive wrote: There will now be a push on institutional presentations to bring in meaninful buying . The retail small trader crowd has been the primary holders of TM and likely will continue but is unable to push the stock where it should be , ie near $1  .The 20 % or so of the float thats loose will quickly be sucked up by even just one large institution - with funding in place expect the road shows to begin immedietley from what Ive heard .


RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

sweetMolly1 (3206) | July 20, 2022 03:35 pm

GassXX wrote: Great news , thanks Junior


RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

sweetMolly1 (3206) | July 20, 2022 02:50 pm

juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 
Great news , thanks Junior

RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

sweetMolly1 (3206) | July 20, 2022 03:24 pm

sweetMolly1 wrote:
juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 
Great news , thanks Junior



RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

Larrymartin77 (9675) | July 20, 2022 03:51 pm

juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 


Great news, thanks for the post Junior

RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

sweetMolly1 (3206) | July 20, 2022 03:57 pm

Larrymartin77 wrote:
juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 


Great news, thanks for the post Junior


RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

Jtpatrol1 (20075) | July 20, 2022 03:58 pm

Larrymartin77 wrote:
juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 


Great news, thanks for the post Junior


RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

Larrymartin77 (9675) | July 20, 2022 04:08 pm

Larrymartin77 wrote:
juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 


Great news, thanks for the post Junior


RE:RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

sweetMolly1 (3206) | July 20, 2022 04:14 pm

Larrymartin77 wrote:
juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 


Great news, thanks for the post Junior


RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

SusanBolland (13075) | July 20, 2022 04:27 pm

juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 

great post, thanks Junior

RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

Jtpatrol1 (20075) | July 20, 2022 04:38 pm

juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 

great post Junior

RE:WOW !!!! 27 USD= 35 million Canadian CASH injection !!!!

SusanBolland (13075) | July 21, 2022 05:30 am

juniorbullalive wrote: And NO shares issued -OMG - This amount is more than TM's current market cap . Looks like this is a HUGE stamp of approval on the project and will initiate the move to underground and mill  expansion and massive drill campaigns at both Kombat and Silver Hills !  ! dare say this is the best single piece of news in the companys history !! First move is to .30 -.40 , take out Lin , then on our way to $1 fairly quickly . Longer term its sets up the expanded production of 33 million pounds of copper by 2024 . That should generate approx 80 million cash flow . Give a multiple of 8X and we have a $3 to $4 stock EASY 
Great post Junior