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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 14, 2024 6:49am
70 Views
Post# 35932089

RE:RE:RE:Nervous Nellies

RE:RE:RE:Nervous NelliesThe changes to the FS 100% revolves around a decision to have a bigger yearly output & shorten up the mine life a bit.  It's a decision based on the trade off studies.  Was it all Troilus wanting this change?  Is it our future JV partner (99.9% we are not going at this alone) asking for more output?  No one knows.  I do know that internally the numbers seen (yes the study has been completed) are very much liked & there is a lot of confidence behind them.  The FS is not some 2 page HS book report.  When a major change like this comes in the 11th hour it is quite an undertaking to make the adjustments.  They have one chance to get this right & optimize the economics of the project.  I believe they will do just that.  There is no question that the communication from the company has been poor.  But honestly, it's always been a weak point....maybe by design.  I'm more interested in the final results.  To date since 2017 Troilus have systematically moved towards developing this property at a very good clip.  I'm expecting the DFS out by 5/1 at the latest.  However, if it took a bit longer so be it.  All I care is they get it right.  As far at the project being delayed...permitting is moving along, financing talks are on going & the estimated break ground sate has stayed the some.  So I see no delay.  In some of the pieces, but the puzzle as a whole remains on track.  Of course the construction start date provided is if everything hits the mark.  I'm sure there will be at least some frustration with that as well.  
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