inverted head and shoulders pattern
TRQ is forming a nice inverted H&S pattern, hoping for a break out past $3.15 USD.
I don't think anyone considers the gold in OT even though OT contains 61 M oz of gold resources (M&I + inferred) last I checked.... I think Barrick has around 140 M oz of reserves .... I know reserves not equals resources but OT is up there with the big gold names.
The big value has always been copper. TRQ trades with copper's movement. From Rios website First production from the underground, which has an average copper grade of 1.66 per cent, more than three times higher than the open pit, is expected in 2020. When the underground is fully ramped up in 2027, Oyu Tolgoi is expected to produce more than 500,000 tonnes of copper a year
Time for a buy out? before Copper recovers to $3 by 2017?