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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

Post by TaylorBon May 14, 2024 2:23pm
167 Views
Post# 36039321

Dead Money or worse

Dead Money or worseBest case scenario, this stock is dead money for the foreseeable future. More likely is an ongoing series of further dilution then bankruptcy. In the very unlikely event of a takeover offer, it wouldn't be for more that 50 cents u.s. per share but even that is doubtful. As most troilus investors know, one of the main positive aspects of the company was that a large amount of infrastructure was already in place and close proximity to power. With a Capex of 1.1 billion, I don't think that matters much anymore.
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