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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 MisterBon Mar 13, 2020 7:09pm
234 Views
Post# 30806573

Although the market is a disaster...

Although the market is a disaster...
.... we all know Gold and companies with large leverage to the gold price are the best positioned companies in the world going into the next 3-5 years, considering a looming recession and more QE.  Although some other of my gold stocks are down 40% over the last two weeks, I was more than happy to be able to jump into Torex today.  As always, was quick on the gun buying in at $13.50 (which is still a great price), but was able to get my ACB down to $12.61.  Reasonable entry point for a stock at should triple from here in the coming 12-24 months.

Cheers,
B
Bullboard Posts