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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 Apr 23, 2024 7:33am
122 Views
Post# 36002805

RE:Good and not-so-good.

RE:Good and not-so-good.It's hard to make any leap from this purchase to Troilus.  They are just too diffferent.  The resource is in Guyana, which is less attractive than Quebec.  It's a very profitable resource, but for a much shorter period of time than Troilus will be.  Both will have a payback time of under 3 years.  Reunion only has a 10.5 yr mine life, so under 8 years total of taking pure profit.  Troilus' mine life will be more than double that, even with the larger output they are changing to, as well as nice targets for future expansion.   Reunion does have a great all in cost number & low CAPEX, so I can see why it was gobbled up.  But I don't see this anything other than generally M&A of any kind being a good thing for all potentially partnering Jrs.  Apples & Oranges...they're just too different 
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