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Troilus Gold Corp T.TLG

Alternate Symbol(s):  CHXMF

Troilus Gold Corp. is a Canadian mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. The Company owns a 100% interest in the Troilus project. The Company holds a land position of approximately 435 square kilometers (km2) in the mining jurisdiction of Quebec, Canada, within the prospective Frotet-Evans Greenstone Belt. The Troilus Mine is located northeast of the Val-d'Or district of Quebec, produced 2 million ounces of gold and approximately 70,000 tons of copper. The seven kilometer main mineral corridor includes zones Z87, J Zone, X22 and Southwest, containing an estimated 11.21 Moz AuEq in the Indicated category and 1.80 Moz AuEq in the Inferred category. The Troilus property has an established infrastructure, including operating substation and power lines, an extensive network of well-maintained roads, operating water treatment facility, and a permitted tailing facility.


TSX:TLG - Post by User

Comment by Gutinstincts55on May 08, 2023 2:35pm
101 Views
Post# 35436902

RE:RE:H2

RE:RE:H2I've had an email response directly from Justin as recent as 3/27.  At this time I don't share your concerns.  What's worst case here?  The company is cashed up.  You'll never find a Jr. with stronger hands holding than this.  Permitting is the only unknow with any JR., but I see no reason to date that's an issue.  Do I completely believe the reasoning for delaying the resource report? No not entirely.  While I do believe the economics improve as they drill in higher grade, I also believe they want to make a splash in a better macro environment for PMs.  The biggest advantage here is the CAPEX as a brownfield project.  While inflation is going to jack it up, it's still going to be a very reasonable.  I own WRN as well.  Double the gold,  a ridiculous amount of Copper, but a CAPEX of around $4B.  Here we have a 10M+ oz project for a CAPEX still under $1B (a guess).  So it's simple & this will get sold within a reasonable time IMO.  
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