RE:RE:Another 52 Week HighI’m 110% onside with noting that metal prices, obviously, drive everything.
TRQ and especially ETG have been so depressed versus fair valuation based on reasonable projected production at lower than today’s metals prices, it is as if the broader market has forgotten or believes there is something wrong, which could well be the Mongolian uncertainty discount.
So for me the great push out of higher metals prices isn’t the change in valuation calcs, which are going to make the NSR’s so much better, but more pushing the pressure on Rio Tinto to lock-up their ownership and square away a deal with Mongolia once and for all that covers ETG too. At the same time, it will push eyeballs back to look at OT again. The ridiculous analyst valuation opinions based on production with no recognition of the ongoing expansion potential ... will get swept away.
We don’t have fair value for Lift One. But we also have Lift Two and Heruga, both world class assets if they stood alone. The rest of the JV and the camp play in the 100% ground ... there should be another 30 cents or so out of those alone. One big drill result showing a shallow gold target open-pitiable ... all bets change. As early as 2002 the geos said look on the periphery for precious metals deposits. Elsewhere in the world we would have seen drilling all over the JV by now.
Maybe new management at Rio will change up the game plan to try and tie-up more ownership before copper and gold run away on them.
Its been a long long bumpy ride.
cg