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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 20, 2016 11:08am
149 Views
Post# 25068615

RE:RE:RE:RE:Buyout Price

RE:RE:RE:RE:Buyout PriceTRQ is worth what the market buyers and sellers (Rio tinto and institutions included) believe it is worth. Both days, the SP started off lower with the recent q2 report but now it's moving up - the market is saying you are not fooling me with your lowered grades. To do a buy out Rio has to pay a premium but not too high one as they want to make sure they do not over pay. So what will they offer? People are currently predicting $6-8based on current copper prices. If copper goes to $3, then it's going to be a whole lot more $10-12. So what the SP is going to be tomorrow or next year or 5 yrs from now will depend on copper prices.
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