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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

Post by NiN777on Aug 07, 2019 9:10pm
235 Views
Post# 30004718

Careful about the capex...

Careful about the capex...Mining cost overun can quickly make a mine uneconomical i dont think anyone has 80 years to recover their investment. Capex headwind: Powerplant capex? Underground completion time snd capex ( keeps getting pushed back ), in the initial mineplan I think the underground mine was supposed to be up and running in 2016...??? And the last problem but not least is the TRQ board are not stewart of the TRQ shareholders, they work for RIO and so is management, who knows what their gameplan is. I am uncertain where the floor for that stock its hard to fathom its sub 2$, even more sub 1$. The depressed copper price dont help either thank goodness they got good gold gradea for now...the fact of the matter is that they will need more financing to complete the mine.
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