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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

Post by Absalom25183on Mar 14, 2022 11:22am
189 Views
Post# 34511681

Follow up Rio insulting offer

Follow up Rio insulting offer
70,000,000 ounces of gold is worth approx $140 Billion + $450 Billion, total approaching $600 billion, I realize this number dies not reflect net realized income, however this number is based on today's value of what is in ground, with inflation the value will be in the trillions over mine life..... Rio's offer is less than the cost of sinking shafts, crushers and rest of infrastructure, which cost approx $12-15 billion..... So their offer is less than cost of trucks used to strip mine and deliver copper to China.,. It's a joke, ridiculous, non sensical and absurd!!!!!!
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