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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 metalhead666on Dec 02, 2023 11:47am
76 Views
Post# 35765107

RE:Agree

RE:AgreeGood points although we'll never see that price in a buyout.  If they were to sell now we might get a 50% premium which would be tragic given the true worth of the project. I'd much prefer to see this through to production so that we realize full value.  I agree too....holding on and letting the fruit ripen is hard!  It's such a volatile group and one can overstay their welcome if you get too greedy.  If gold stays here or higher I think $3 US is a reasonable target. Even half that would be a 5x bagger.  The project has all the right stuff....some interesting high grade, scale, infrastructure, geographic location, hydro power, long life, and a huge land package in a greenstone belt.  Everything a major could want and it's trading at a ridiculously low price. It wouldn't surprise me one bit to wake up to an offer on any given day. There's only a handful of similar projects out there...Artemis, Skeena and Troilus ....open pit, big ounces, simple operations in safe juristictions.  The resources have been proven, permits are in hand or underway, metalurgy done, brownfield etc etc....I would think all 3 of these should get scooped up.
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