RE:Comparisonbarringtondolby wrote: VickR and Whatevr, you both made mention earlier about a Yukon venture, "you know who I mean ".
How do you compare that operation to what Troilus is hoping to accomplish in terms of production grades, throughput, and strip ratio.
It is an interesting comparison. That Yukon venture is rallying after disappointing 1 qtr results!
Pretty big question barrington....where to start on this 11 year old story!
As a return on my investment... It was a 10 bagger in 3 years.I was very lucky and fortunate in timing it. As opposed to a 3 year time with TLG...in the red by several percentage points! ( hoping eventually I break even ).
That mine has had nothing but problems from the beginning! Horrible financing the mine was the start of it. Almost a billion shares out...eventually a reverse split 1-15. Construction problems, poor installation of a secondary crushed conveyor belt. There is another really intelligent user on here that nailed that noticed that problem from the air! No one believed him and it ended up to be a big problem.
This was only a 10 year mine life to start, grade could be similar to lower, I think the strip ratio was 1-1? If my memory serves me. Unfortunately the mine has never once even came close to their targets. There was a big 250,000 ounce per year plan.. Which was forgotten?
This is a good example of what can go wrong! Hopefully TLG doesn't go down the same path? I believe this is why some on here believe Justin can't do the job. Its clear now that a partner needs to come in and run the show.
Similarities now for me....are the CEO's. Not transparent.
That's all at the top of my head now....I personally would not buy until they actually deliver once on what they say.
Probably best to just by options on that one...take a little chance without losing to much ..
I'll let whatever add to this... I'm sure he could write a book in this one!