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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 AlwaysLong683on Feb 19, 2024 7:54am
84 Views
Post# 35887342

RE:I'll repeat ...All gold miners are rentals...

RE:I'll repeat ...All gold miners are rentals...Well said.

Back in 2021 I made a really good buck on early exploration-stage NFG in a very short period of time. They were producing some outstanding assay results on their Queensway property, so I bought a boatload of shares at 4.50 sensing there was more where those came from. The big assay hits continued, in multiple zones no less, and the share price shot up. I sold half at 9.00 and the other half at just over 12.00, all in a matter of a couple of months. NFG closed Friday at 4.59.

Getting in then getting out when you've made your money is key in the microcap mining company sector. The timeframe is even shorter when you play Stage 1 Exploration stocks like NFG to try and catch the ride up, then get out as when you realize that the assay results aren't going to get any better and the share price won't move up much more even if there's more of the same as all that good news is already baked into the share price and expectations re. future assays are far too high and screaming the stock is very likely to drop - a lot.

That said, I doubt I'll invest in Stage 1 companies anymore as the risk is far greater than companies with great numbers that are in the home stretch of the financing and contracting stage of their first mine build with final permitting looking good re. approval.


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