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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 Apr 21, 2022 3:54pm
520 Views
Post# 34621628

Valuation

ValuationBelieve individuals suggesting valuation for TRQ , need to put more pen to paper. After 1 for 10 reverse stock split, 200,000 000 shares currently exist...Rio Tinto owns less than 51%..... If minority share holders were foolish enough to accept $100 per share, Rio's cost would be $10 billion, far less then cost of infrastructure.. If you participated in past stock sales which generated financial capital to build this infrastructure, you would realize the absurdity of Rio offer....It amounts to 20-30% of dollars invested by minority share holders, with no consideration for minerals in ground....... The mine value, based on measured, indicated and inferred minerals is easily work half a trillion in today's dollars, It should be understood, estimate is not net dollars; cost of goods, Mongolia 1/3 ownership, taxes, fees and salaries should be considered. Would you sell your house for 25% of what you paid for it 10 - 20 years ago.... Turquoise Hill and Rio Tinto Boards must be more realistic, or face class action in Canada, United States, England and Australian courts.... Their history reflects a lack of good corporate governance and failures to perform fiduciary responsibilities....The minority shareholders have not been represented. Thanks
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