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Bullboard - Stock Discussion Forum Taranis Resources Inc V.TRO

Alternate Symbol(s):  TNREF

Taranis Resources Inc. is a mineral exploration company. The Company is principally engaged in the acquisition, exploration and development of precious and base metal projects. The Company owns a 100% interest in certain mineral rights entitled the Thor Property located in the Revelstoke Mining District of British Columbia, Canada and holds certain contiguous mineral claims. It has drilled over... see more

TSXV:TRO - Post Discussion

Taranis Resources Inc > skillset to go into production ?
View:
Post by baystock1 on May 17, 2021 5:37am

skillset to go into production ?

Does TRO really have the skillset to start up and run a mining operation ? And does it have the ability to raise the large amount of financing needed to go into production ? I like that they are talking about going into production as that could give them cash flow to further explore and develop what looks like a promising property. But with a geologist at the helm and with $28 million being needed to purchase the Max mill and millions more in funds needed for working capital, it seems that actually going into full scale production may be beyond their abilities to execute successfully.
Comment by TrumpThis on May 18, 2021 3:28pm
Hey baystock1 glad you dropped in on TRO board as not many lookers in this fine, quiet stock. It’s taken over 3 years to get a bulk sample permit so most of the retail are on the sidelines waiting for Phase II. There’s I think, a few dozen keeners who hold most of the stock in Canada & USA some of them with lots of $ behind them. I think they first applied for the 10KBS in Oct 15/2018 after ...more  
Comment by baystock1 on May 18, 2021 11:04pm
Hey TrumpThis, I really appreciate this well thought out response to my question. It was really helpful. Yesterday I bought a small position. I might add some more shares later if some were to become available again. This is a very illiquid stocks and so it difficult to accumulate and is definitely not for short term traders.
Comment by TrumpThis on May 19, 2021 2:59pm
You're welcome baystock1. I see to much 'junk' posted on some bullboard post stocks so wanted to dig a little to add to my 14 year history with TRO, knowledge. Good for you for doing some DD and getting involved. Some of my friends have been picking up 100,000s of shares during this quiet time as TRO has all the good elements of a profitable future and 20-50X bagger. The funny thing is ...more  
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