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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 Feb 27, 2024 7:18am
62 Views
Post# 35900855

RE:RE:Theory Why TLG's Share Price Is Range-Bound

RE:RE:Theory Why TLG's Share Price Is Range-BoundThere are flaws in every investment strategy.  One thing we know for sure is that with a found resource this large there is a SP floor in place.  What is that floor?  Well I believe if you've been adding over the past couple of years you've found it & taken advantage if it.  With a low float stock like this catalyst could very well product multiples of gain in very short time periods.  If new investors suddenly see it as a new hot play, as well as shorts covering this moves quickly.  By the time financing, permitting, & construction decisions are known much of the gain could be out of the stock.  I'm not in it for a 2X.  I've constructed a very large position with smart buys @ a .36 USA average.  It's based in the faith of the resource & the management team.  At the price I'm in for I feel very little risk & the potential for great reward...to each his own.
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