RE:My Views on Recent Share Price Action I and probably most people here have absolutely no problem with you taking what I consider an extremely conservative approach into a Troilus investment. It's your money, so you spend it how you see fit. I believe it will be limiting your upside substantially, you may feel differently, so go with how you feel.
What I do have a problem with in all of your posts is the discussion of all the possible reasons this can faill without balancing that with unforeseen upside. Everyone here knows the rubber hits the road with the feasibility study. No one can rule out that it does not meet expectations. It's always a possibility, however, I think a small one. Could it be possible that the numbers are going to shock to the upside? Especially since we can now look at numbers based on $2000 gold and 4.25 copper as a base....maybe even higher. There will also probably be numbers for 1850 gold and 4 dollar copper. Majors have their models for where gold and copper is going so they will determine what the real value of this mine is currently and what it could be when they break ground. Which in my eyes is going to be higher than what it is today. What if they underestimate the CAPEX? What if it was over estimated? What if current investors see TLG as overpriced with delays? What happens to pice if they hit close to targets?
Finally Sumi. You can forget even throwing out there the Kenorland deal as a comparison. A different project and suddenly different times. It's like when people saw Osino go for well under what they thought their potential was and the sky was falling at TLG. Totally different situations. My question is does Sumi hold leverage over TLG, or does TLG hold leverage over Sumi regarding JV terms? That would depend on if you are believing they are the only major interested in the project. I highly doubt they are. Just because they make the most logistical sense as a partner does not mean another major will not make an offer TLG can't refuse. I have no idea who the partner will be. But I'm 75% convinced it's probably known by JR already.
So trying to be nice today, please try to come with a more balanced approach. The monthly Lassonde curve lesson is a bit demeaning by design. I could easily make a case that we are coming out of the Orphan period & from here to construction the biggest gains will be made in Troilus' life cycle.