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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

Comment by Rock9011on Sep 03, 2022 3:33pm
189 Views
Post# 34940246

RE:RE:Stage is set for a White Knight

RE:RE:Stage is set for a White KnightThe surrounding ground has copper / gold indications throughout but has not been explored in detail.  There could certainly be another OT style deposit adjacent to the existing deposits. 
 ETG holding the Licenses is a hammer they have not used but it is certainly in their toolbox. 
TRQ has the existing cores on the ground just drilled.  The results should be imminent. For the potential of the surrounding ground and the 30/20 % share, ETG could easily be worth 10 to 20% of TRQ. 
Assuming the arbitration isn't settled soon, a White Knight could take a run at ETG and end up with a nice lttle percentage of the existing deposits for what would amount to a petty cash cheque.  This would include all the surrounding ground. 
Say $4 US a share and they would have ETG in a heart beat. 
Regardless of all this ETG is currently on sale and I am suprised it is trading at less than $1.00 C. It is very likely people are just fed up with the whole 20 year boon doggle and can't comprehend the matter is coming to a final resolution. 
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