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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 HF.mongol.khanon Mar 18, 2016 1:45am
376 Views
Post# 24673646

RE:RE:RE:RE:Time to Watch Turquoise Hill Resources (T.TRQ)

RE:RE:RE:RE:Time to Watch Turquoise Hill Resources (T.TRQ)EGI has a 20% "carrying interest" in a JV with OT in some areas of OT (check TRQ website and presentations) ...and it would be sub-optimum (check the maps) for RIO to develop OT II WITHOUT those parts....especially as RIO + TRQ owns ~20% of EGI. As EGI's market cap is tiny, relative development costs of OT II a brutal takeover would make sense because transferring the 20% Carrying interest in those JV to OT, TRQ or RIO would be an ABSOLUTE HEADACHE from a valuation angle! Better pay a huge premium, pay with RIO's shares, merge and then sort out licenses/carrying interests privately! Plenty of information on this on the websites !
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