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Turquoise Hill Resources Ltd. 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 Formulatoron Jul 01, 2016 11:23am
187 Views
Post# 25015364

RE:rating

RE:rating
Market seems to be okay with the Mongolian election results.  The MPP was the party that originally signed the IA in 2009.  Then the DP came to power and totally botched the UG project.

SP is ticking upwards as people digest the news and see that MPP is not going to tinker with the current agreements.  The bonus will be if the MPP works with RIO to expand production and add a smelter/power plant.   Another bonus will be if the MPP allows the chinese to invest in infrastructure and take a stake in OT. 

And then the big pay offf will be when RIO finally buys us little guys out at $8 US.  That's my call for fair valuation.   $4B share holder loan from OT plus future cash flow in 2020 at $2.20 copper discounted to NPV.    Of course higher the better but $8 is my magic number.  Some people were pushing numbers if $10-16 Canadian. 

BTW, someone is rating bad quality posts high and good quality posts low on this bullboard.
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