Post by
Gutinstincts55 on Sep 28, 2023 2:03pm
Market Cap
All of the talk comparing mines is an interesting one. Why does Troilus fly so far below the radar & why are they not rewarded for so much advancement? I don't know the answers to that. I can only come up with some possibilities. Constant nice drilling results alone for a low grade mine in this environment are just not going to get rewarded. It's going to take a big catalyst to move the needle here. I stand by that the delays in the resource report have been the right thing to do (poor communication from the company aside), but they have had a negative affect on SP. Especially that the sector is beaten down & physical AU has not moved. I fear that they may again hold the resource report beyond month's end to hope for physical gold to rebound out of the 1,800s. I hope this is not true & we see a PR tonight or in the morning. I'm not a trader, so I am less interested in current MC & more interested in what the price will be at partnership/mine opening or eventual sale. The only things that move this will be resource report, DFS, Quebec permitting, partnering, Fed permitting, better AU/CU prices, buyout or mine opening. On big positive news SP will move quickly. We just need big news! It's time to have the Dominos start to fall. Lastly Our share structure is not the norm for a Jr. We have ridiculously strong hands. We the retail holders only account for 22% of the outstanding shares. That's very A-typical. So with such a small float very little trading happens. It affects SP differently here than most JRs. I'm not worried in any way, shape or form. Yes, I'm even a bit impatient now. I've made a big bet & even though I have a great avg. I am below water here. Probably 12M total economic OZs ....300,000 yearly eq. with $ from copper, in a jurisdiction that wants this thing permitted. So it's hard....but I'll continue to wait this out.