RE:Good News and a 68 cent price targetharleymonster1 wrote: Just released Mpartners – Initial Fact Sheet on Trigon Metals Inc. (TM – TSXV).
Last week Trigon Metals announced it would begin production by year end at the Kombat Mine in Namibia. TM aims to ship its first concentrates before 2021 year-end and have positive cash flow in early 2022. Havana Investments and Epangelo (State mining entity) each hold 10% interest in the project leaving TM with 80%.
I would think as Trigon expands its Namibian resource and more drill results are announced there and in Morocco , the analysts are likely to change their target price to reflect developments .
Maybe Prudent to NOTE that the ACTUAL Wording in the Referenced News Release CONTAINS words Such as ""HOPE TO"" and ""ANTICIPATES""__thus using WOULD
in the MPartners Report Seems a TAD AGGRESSIVE eh ??????
Mr MARKET Never Likes MISSED Targets !!!!!!!!!!!!!!!!
Trigon hopes to resume Kombat production by year-end
2021-05-06 13:43 ET - News Release
Mr. Jed Richardson reports
COPPER PRODUCTION PLANNED FOR 2021 YEAR-END AT KOMBAT MINE IN NAMIBIA
Trigon Metals Inc.'s procurement activities of long-lead items are currently under way for the restart of the Kombat mine. The company anticipates production to resume by the end of 2021.