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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.


TSXV:TM - Post by User

Post by Red_Deeron Aug 05, 2022 4:51am
191 Views
Post# 34873277

Where did the $$$$$ go,,,,,,,,,????

Where did the $$$$$ go,,,,,,,,,????Taking a look at the recently released annual report for the year ending this March 31st it becomes clear that NOT ENOUGH $$$$ were spent on the DRILLING Needed to UPGRADE the Mineral Resources INTO the Top PROVEN Category.

The 2021 report shows that ONLY $547,799 was spent on Kombat area Exploration__which is only about half of the $1,021,182 spent in the Previous Year.

In COMAPARISON__a WHOPPING $3,118,588 was spent on CONSULTING FEES__of which
$543,333 were Actually PAID to Management and Directors of Trigon__with an ADDITIONAL charge of $1,203,200 for SHARE BASED PAYMENTS__THIS IS ALMOST $5 MILLION  !!!!!!!!!!

In ADDITION__a Whopping $332,474 was Spent on TRAVEL__compared to ONLY $418 the Previous Year.

Oh and Throw In $403,926 for INVESTOR PROMOTION__PLUS $532,286 for GENERAL ADMINISTRATON.

Thus the $547,799 spent on Kombat area Exploration Certainly DOES NOT Seem to BE Much of
a PRIORITY to Management eh ???????




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