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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 May 15, 2024 10:04pm
89 Views
Post# 36042483

RE:Is the blood shed over?

RE:Is the blood shed over?

Vick & Crow ... I'm glad I dumped 80% during mid-day yesterday.  Like Crow I came out with a gain.  I gave JR more benefit of the doubt than most.  That level of trust is broken now.  To a point it is he job as CEO to put a best face on all situations.  However two things he cannot overcome with me.  The first is saying all along a 2-3 year payback & then come out with 5.7 years on the DFS.   The second is giving the reason for putting off the PFS, then delaying the DFS as we need to drill out these high grade zones to turn the project from good economically to great.  What he knew behind the curtain & reality was, the economics of this project currently don't work & we need this higher grade just to get it to be a mediocre & marginal project.  So that's where we are at.  I'm not sure what I do with the balance of my shares.  I may hold to see if there is a bounce.  I'll probably wait to read Gwen Preston's report on the project in her next newsletter, as well as look to see if others chime in.   Three telling things.  Two before - no run up before the report & Sayona bailing.  One after - No Rick Rule or other notable jumping in and saying hold on, this is being misread by the masses.  


No it is what it is.  They'll drill more in hopes of better grade. If physical AU price rockets then chances improve.  But those 5-10x thoughts in 12-18 months .... see ya!  

There are plenty of other great plays out there.  I didn't lose anything.  Most other plays have not run, so repositioning is possible.   I'm about there.  Good luck.  This one fizzled....on to others.

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