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Troilus Gold Corp T.TLG

Alternate Symbol(s):  CHXMF

Troilus Gold Corp. is a development-stage mining company advancing and de-risking the former gold-copper Troilus Mine towards production. The project is located in the top-rated mining jurisdiction of Quebec, Canada. A PEA completed in 2020 ranks Troilus among the top gold mines in Canada today. A PFS and updated Resource Estimate are expected in mid-2022. Led by a team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.


TSX:TLG - Post by User

Comment by Gutinstincts55on May 18, 2023 2:40pm
154 Views
Post# 35455049

RE:RE:RE:RE:RE:A little market relief

RE:RE:RE:RE:RE:A little market reliefTruth be told I have trust issues with every investment I've ever owned lol.  When stressed I try to step away any look at things as if I didn't own & was doing DD for the 1st time.  It helps bring me back to basics about the play.  It is true that the resouce report have bad delayed and badly communicated to the public.  Totally factual.  So I try to look at what offsets that.  60% of the stock is owned by over 50 global funds, some of which are Quebec based.  10% is Insider owned.  That is so far removed from the typical holdings of a AU/CU Jr at this stage.  They are usually carried by a massive retail %.  Next their drilling program keeps going, & going, & going.  The results have been nothing short of fantastic.  We've discussed the cash issue before & I still believe the Sayona deal has made coming to market for an offering as a very low probability.  I also wonder if someone within the Quebec Gov had a hand in helping marry Sayona/Troilus to help the entire economics of the district.   I have zero proof of this....just a hunch.  People smarter than me, such as Gwen Preston have a high opinion of Justin & his team.  So I do have a high level of confidence in this play ultimately being one of the safest bets I've found as a Jr. Au/Cu play.  could it take longer than inticipated? Yes, always a reasonable concern!   This would be a terrible stock to trade.  It's a stay away or hold on for the ride play.  I still firmly believe they will not be the operator of the mine & a sale will come as early as 2024, but possibly later.  Depressed SP sucks...no doubt.  but in this case I will not be selling a share.  This will be a mine producing 250-300k eq ozs very economical at these metal prices.  Imagine if we get lucky & AU is $2,500!   I think the low end here for a sale is going to be $1B. I think that's conservative.  SO I'm betting on a 10x plus ultimately here....worst case 8x if PMs don't head where we believe they will.  So for me it's not even a question.  IMO I hold or even add like I did this morning.    
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