$TM undervalued? Trigon Metals Inc. ( $TM.V $PNTZF) took an 11% hit today so it might be a good time to invest in them while they are down.
Currently. $TM is trading at $0.36 which I think is undervalued for a few reasons.
Firstly, a recent Mineral Reserve estimate and feasibility study for their Kombat copper mine showed an Indicated Mineral Resource estimate of 5.28Mt from the open pit and 6.93Mt from the underground portion of the project.
Additionally this January $TM officially became producers with Kombat producing copper concentrate in late December.
I am very optimistic about their Kombat Copper Project as the initial concentrate product has already exceeded management goals. Kombat covers more than 7,500 ha in the Otavi Mountainlands (Namibia) and produced~12.46M tonnes of Copper between 1962 and 2008.
$TM 's MC is $56.604M
More here: https://www.trigonmetals.com/2022/01/05/trigon-metals-announces-first-concentrate-production-at-kombat-mine-namibia/