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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 Straiteon Apr 27, 2019 11:06pm
172 Views
Post# 29680057

RE:Any News on TRQ? Thoughts Anyone?

RE:Any News on TRQ? Thoughts Anyone?Poor price momentum has to be related to underground development. First production being pushed further out and increases in development costs. This is likely the major headwind at play here. Ultimately, first production being pushed out is not the main issue if you are a long-term investor. Higher costs (hence higher debt) than predicted is what you would be mostly concerned about and is the only reason I prefer to wait before buying more. (It is a very small position for me initiated about 3 months ago). I think sub 2$ is quite attractive for long-term investors (by long-term I mean holding until underground development is finished, both production and copper prices reach all-time high levels.)
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