TM already has a lot of copper in the bank. Even with a pullback in copper prices, Trigon Metals (TSXV: TM) has more than enough resource to be profitable.
The company is presently sitting on 30 million pounds of copper, and once production resumes at its Kombat Mine, this number will only multiply. Trigon utilized the recent market downturn to focus on exploration efforts. As a result, the company discovered multiple new mineralized zones containing copper yields north of 7%.
Production is expected to resume once the price of copper recovers, so keep a close eye out for this.
$TM.v is currently trading at a considerable discount at $.15, valued at $25.45 million.
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