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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 Apr 23, 2024 7:33am
96 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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