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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.


TSXV:TM - Post by User

Bullboard Posts
Post by Dtraders1on Feb 26, 2018 8:24pm
169 Views
Post# 27625049

Just to let you know

Just to let you knowOne thing I wouldn't invest is mining copper!  I have seen copper mining project failed many times and at 3.20USD/pound you don't get rich!  So if copper is the main focus this is a bad strategy, you need many other type of metals (like gold and a good amount!!!) to get the extra money to pay all expenses to keep it alive.  Just for an example, a few years ago OSU had a nice copper project and the feasability report was based on 3.25USD/pound and they needed around give or take 115 millions to start mining but back then the copper price just went down year after year.  They tried year after year to get the financing but they failed as no one wanted to finance them. They had to sell their asset to survive, consolidate their shares and restart a new project in gold this time......more then 8 years and millions lost for a copper project that looked good on papers but got destroyed because of low copper price.

A few years ago I used to read the information  about TVI many shipment of copper....huge quantity of copper everytime they shipped....back then I think it was trading around 2-3 cents....I just looked today for fun.... trading at 1 cent outchhh

I am not here to scare you but to simply open your eyes and just be careful in investing in a main copper project.  Unless you see copper around 4-5USD/pound or higher I don't thing this will be a success story but it's just my opinion.

Wish you all the best and hope I am wrong. The only good thing I see is the copper price rising and if it continu to rise this will give a big help to copper mining.  The only question is will it stay above this level for many years to come?

Cheers

Bullboard Posts