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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 Mar 11, 2024 3:11am
75 Views
Post# 35925758

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Everyone On CNBC

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Everyone On CNBC Agree. ARTG was the poster child of how to do it right. Mark Twain said a gold mine was a hole in the ground with a liar standing over it.  There are far far too many failures in this business for me to give anyone the benefit of the doubt. Show me the numbers when you say you will or count me out until you can.

I highly doubt TLG can raise $1 BILLION in debt. It reminds me too much of WRN who has limped along for years and still has no timeline to production because of the cost and low grade. There are differences to be sure but a Billion $ at 8% or more interest is a heavy load.

I think it's most likely that a Newmont or Barrick buy the project soon while it's still cheap, own it 100% and develop it with internal funds. 

Would you loan Justin a Billion?

ARTG shows it can be done and that's a big plus but a Billion $ is way past my comfort zone for something several years out
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