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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 marpincanon Jun 13, 2016 1:52pm
157 Views
Post# 24960936

RE:Q on the JV partner ETG - Entree Gold

RE:Q on the JV partner ETG - Entree Gold
It makes sense that eventually they will go after ETG. With the TRQ takeout, TINTO would get 80% of all the ore on ETG property anyway. ETG has a carried interest till production but that clown Crowe really muddied the waters with the low grade Arizona property and the streaming deal. This makes a take out of ETG not so straight forward (purhaps they take it out and spin off what they do not want) and also lowered the value of ETG considerably. The crown jewel (only jewel IMO) of ETG are the Mongolian assets. ETG should have always stayed a pure play focussed on its Mongolian assets. 

JMO
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