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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 msillusionon Apr 18, 2013 11:46am
148 Views
Post# 21270469

RE: Audit .....

RE: Audit .....

How long does it take TRQ to incur the cost overrun of $2 billions? Over a $6.6 billion project, that is 30%.

The Mongolians show that they are pennywise. When you owns 34% of the project, you want to know if the cost overrun is a one-time thing; how to improve effeciency over the long run that will implicate profit.

I still sense the sentiment that they are giving away a jewel to foreigners. Instead of pointing figures, they should ask "Can they do it themselves along?"

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