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Torex Gold Resources Inc T.TXG

Alternate Symbol(s):  TORXF

Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in the exploration, development, and operation of its 100% owned Morelos Gold Property. The Morelos Gold property covers an area of approximately 29,000 hectares in the prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limon Guajes mining complex (ELG or the ELG Mine Complex), comprising the El Limon, Guajes and El Limon Sur open pits. The Company also hosts the Media Luna deposit, which is an advanced stage development project located approximately seven kilometers from ELG. The Company’s El Limon Guajes underground mine includes Sub-Sill and El Limon Deep, and processing plant and related infrastructure, and the Media Luna deposit.


TSX:TXG - Post by User

Bullboard Posts
Comment by Bottomson May 24, 2018 9:00am
70 Views
Post# 28074121

RE:RE:political risk

RE:RE:political riskThank you for this Puma1.

I fully agree with you analysis and appreciate the comparatives provided. I however have to caution that the analysis provided is simply on Political Risk which are basically geographically dependant.
Alacer in Turquie is consider more risky than Torrex in Mexico which is more risky than Detour in Ontario.
All this has some value to it but I would like to understand whether this Political risk considers the other microeconomic factors that have resulted in the blockage in Mexico. i.e. is the Cultural risk considered within the Political risk or have they been segregated.. I have trouble understanding why Alacer is more risky than Torex apart from the fact that it is perhaps too close to the middle east for a number of insititutional investors.

Your thoughts are much appreciated as I have been expecting TXG to run quicker than it has. I wonder how long the market will take to accept that the mine is fully operating again.

Also, could you please post the link to this article? I am intrigued by ELD as of late.

Thanks again,

Bottoms

Bullboard Posts