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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 Mar 08, 2024 8:30pm
99 Views
Post# 35923964

RE:Everyone On CNBC

RE:Everyone On CNBC

I'd never tell someone they should buy or sell.  I'm holding a very large position & if cash clears I will be making one more add within the next two weeks, if I can get it in before the FS is released.  

So why am I so confident here?  Am I blind to the fact that the FS could in some way disappoint?  While I am expecting some terrific numbers, I am also bery aware that a negative surprise is ALWAYS possible.  No, it's not the FS that has me rock solid.  It's the lack of real downside from our current valuation.  


I'm in the US, so I talk USD.  We are at a $116M MC.  That MC is for a company with a defined resource at a raw value of $28,275,000,000.  The absolute only thing that could crash this stock would be a left field environmental concern that gets the Fed. permit declined.  Impossible ... no.  Likely ... no.  Very little chance IMHO.  So the real worry behind a weaker than anticipated FS is the amount of gain here will have to be adjusted.  That will be the disappointment.  Real long term downside risk from here.  I just don't see it.  Temporary if there is a shocker in the numbers....sure....but unlikely.  


I think we are good.  I'm originally from NY.  I don't trust easily.  I've closed out move Jr. positions then I'll ever stay in by many fold.  This still feels solid to me.  I was getting a but wobbly about things when the resourse report was pushed back again & again.  Then I saw it & it exceeded all expectations  I never thought 12 of 13 M ozs would be in M&I catagory.  I was blown away by that.  So they get my trust that the FS will end up just like that....exceeding expectations.  We shall see.

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