TM.v is being slept on IMO. Trigon Metals (TSXV: TM) recently reported results from new mineralization targets at the Kombat Mine, and they have provided even more optimism for the project.
Jed Richardson, President and CEO, commented, “Kavango drilling and the early mining in this area have been very encouraging. Mineralization has been far more consistent and massive, matching the nature of the mineralization we find in the underground mine and other areas of the Kombat trend. These initial results confirm our confidence that our revised exploration and production focus will provide significant upside.”
All the results can be found in the company’s latest press release on Thursday, linked down below.
Despite the company’s highly optimistic updates as of late, TM.v shares continue to trade at a steep discount. I expect once we receive more updates from the company regarding copper off-take and silver yields from the Kombat Mine, the share price should see a considerable correction. Copper demand is only going up, and the industrial usage of silver is expected to increase from 50% to 80% in the near future.
TM.v is currently trading at $.14, valued at $23.75 million.
https://ceo.ca/@businesswire/kavango-pit-and-kombat-trend-drilling-highlights-strength