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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

Comment by Red_Deeron Jan 11, 2023 3:02pm
126 Views
Post# 35216578

RE:Would you be pleased with a $1.50 takeover price ?

RE:Would you be pleased with a $1.50 takeover price ?Hey Junior BULL__INDEED will remember HEMLO forever__That was just a few hours drive on the TransCanada north from HomeTown Thunder Bay__It was one of my FIRST HUGE WINS !!!!!

And from Voisey Bay I Followed FRIEDLAND to Mongolia__with His HUGE Ivanhoe Mines Copper/Gold Discovery__Which UNFORTUNATELY after all these YEARS I Got TAKEN OUT on the CHEAP by RIO TINTO

juniorbullalive wrote: Well , given we are at .17 cents , the answer is obvious - of course . Yet , the current price is massivley undervalued on assets alone  ( probably well over $1 per share ) and an acquirer normally pays a multiple of 3 to 5 x cash flow . So this year ( lets assume $4.50 copper , March copper is $4.15 today ) with 15- 20 million pound production ( assuming $2 cost to produce) its definitley a good price. But what about 2024 when production goes to 33 million pounds , and after that Uncle Jed projects 100 million pounds in 2 to 3 years - AND , what if  , Morocco turns out to be a whopper of a silver copper deposit ? Who knows - maybe they accept a price like $1.50 per share and spin Morocco out to shareholders and ride that as an extremely exciting silver/copper world class discovery ? 

Well ,we can dream cant we ? Stranger things have happened in the mining world . I remember years ago with whoppers of discoverys ( Stikine , Hemlo , Voisey Bay etc etc ) single stocks could jump from $1 to $20 , $30 in a matter of days ) Even Redsmear remembers that - I doubt if Pound would though .

Strap in for an exciting ride folks . The current large accumulation of TM shares makes me think someone is thinking along similiar lines . 


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