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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 Skip57on Nov 07, 2022 1:55am
257 Views
Post# 35078093

RE:RE:RE:It’s happening…maybe.

RE:RE:RE:It’s happening…maybe.Countrygent:  The question is what will Pentwater and SailingStone accept as "fair" value?  $50, $60, $86?  My preferred outcome is for RIO to withdraw its offer, stick to its "not a penny more", and let the market determine value over time.  The $3.50/lb assumption is ludicrous.  Pentwater's report references $6.80 by 2025.  Imagine the copper necessary to rebuild Ukraine.  Imagine the demand from the auto industry to produce electric vehicles.  The report also references the TD model presented to the Special Committee with 8% discount and $4.00 copper yielding a value of $85.  Restated with $6.80 copper, $120?  $150?  I can wait a few more years and watch the market establish "fair" value.
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