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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
Post by Franschoekon Jul 15, 2019 10:12pm
176 Views
Post# 29923022

Hidden value

Hidden valueThe market is missing the potential value that this new mining system might bring to the ELG deposit in particular, and more to the point, the leverage that Torex might have in the next few years bidding on new developments because their costs and returns might be so much more favourable than traditional competition.  If these jumbos turn down - 30 degrees successfully, and the support systems work, every mining company in the world will want this technology.  DYODD
Bullboard Posts