RE:snapshot Troilus gold catchup information - from my notes
- 8.1m oz current & expect a significant increase with PFS that will be dropped in H1 ‘22. The PFS is a change in mine design from Sept ‘20 PEA. They are changing from an open pit, then underground to a strictly open pit. They can do so now from the newly found high grade zones. In effect the open pit with the 15% Copper value added will provide a 20yr above ground mine producing near 300,000oz equivalent for 20yrs.
- FS end of 2022
- $50+M in bank will carry them completely through Feasibility Study… cash burn a bit more then $2.2M per month
- 58 institutional investors 16% of them Quebec based. 3 of the 4 top investors are in Quebec. Stock breakdown - 60% Institutional, 8% Management, 32% Retail.
- Canadian recognized Ecologo certified award winner
- All in AISC —— $850!!!!
- Tailings = PERMITTED!!! EIA federal permitting currently underway. Local permitting Q1 2022. Completion of all permitting max 1.5yrs
- Because it is a Brownfield property with amazing leftover infrastructure CAPEX will show in new PFS - low $400M range
- 4 drills currently turning & a 5th on the way. Drilling 12,000 meters a month, 2nd largest program in Quebec
- Construction start estimate as of now = H1 2024. I hope they never get there & I’m banking on this being a prime takeout target.
-Stock was over a dollar last year & Gwen was saying how under valued it was then. It is waaay more de-risked now