Troilus Gold Corp T.TLG

RE:RE:RE:RE:RE:Gold Going Up

[AlwaysLong683]

Gutinstincts55 wrote:

I'd bet at this time a major(s) are all or partly behind the larger throughput mine change increasing CAPEX.  Not only do I believe they do not fear it, I believe they are encouraging it to cement a JV.  

But for argument sake let's say you're right.  Which I believe to be the absolute worst case scenario, short of a permitting fail (unlikely).  The downside risk is a 60% gain.  I think that pretty appealing considering what I believe the true upside to be.  

 

Good point - certainly possible to have an initial capex of over $1B if TLG and their JV partner decide to go bigger sooner...I believe someone on this BB posted that the reason for the delay may in fact be to raise annual production targets. However, I was not referring to the JV partner, which may indeed push for a higher annual throughput / lower LOM scenario. My comment was directed at existing or potential TLG shareholders who may get cold feet if the portion of the initial capex TLG needs to be put up runs higher than expected for 50% ownership of the project. There is additional cost involved in expediting the project, and while the JV partner may be able to come up with more money, the junior partner may have a harder time. Don't forget, you don't generate any mining revenue until first pour, and all that initial capex money has to be accumulated and spent up front before any ounces are produced.