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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

Post by wawahunton Feb 05, 2013 7:12am
212 Views
Post# 20938351

Seeking Alfa ... Great read ....

Seeking Alfa ... Great read ....

Takeaway # 3: In my first piece on TRQ I wrote that its story is like a postmodern novel being written by several characters with limited interest in closure. The logic in the case, the richness of Oyyu Tolgoi is the center of attraction but peripheral matters determine the status of the core. As a reader wrote, Mongolia needs Oyu Tolgoi, TRQ exists for it, RIO and China need it and Mr. Friedland has much invested in it. But as I also noted, there is a giant gap between reason and reality for evidence of which compare U.S. and European stock markets to their respective nations' economies. For now, if you want to share in Oyu Tolgoi you buy TRQ and keep alert for stormy weather. The mine itself should produce long term and sustainable gains. Just be ready to exit most of your position and re-enter when calm returns. Vigilance is urged. Buy below $7.50 and monitor the situation carefully.

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