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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

Comment by fruitvale3067on Mar 24, 2020 3:25pm
339 Views
Post# 30842862

RE:RE:Numbers today?

RE:RE:Numbers today?Polaris, This year they are hitting the last low grade material in the Open pit. Next year they will mine the bottom of the open pit, which is the beginning of the higher grade ore underground and what can be expected going forward. Yes, the news isn't very good right now because the virus and the price of copper is low. However the price of gold appears to be getting it's act together.

The new mine plan is the next step going forward, then the financing. personally, I'm not buying right now, but over the next 6 months I will begin to build a position. I want to be on board when they start mining 400,000 ounces of gold. Especially if the POG continues to rise. Remember this is also a gold mine although it is thought of as a copper mine.   
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