Troilus Gold Corp T.TLG

"....catalysts on deck..."

[templetooth2]

"and pathway to becoming a producing mine is clear."

I am not at all convinced that the pathway is clear. But having speculated on this moose pasture this long, I might as well wait another two months, waiting for the next catalyst. The feasibility study for a 35,000 t/d operation has got to show capex in the vicinity of $500 million, I'm guessing. For a similar operation in Ontario, Argonaut is approaching $900 million, I think. I'm giving Troilus lots of doubt-benefits re electricity and tailings facilities, but I'm no engineer and my estimate could be way off.

My concern here is the MIA nature of the company's institutional holders. In particular, we hear about the important shareholding by Quebec pension funds. These players got involved about 2 years ago at $1.10 per share. Yet they seem content to see themselves diluted by several rounds of flo-thru issues and then this recent giveaway at 35 cents with a half warrant thrown in for insult. The amount raised here was a modest $10 million. What is going to happen when the company is negotiating for amounts in the hundreds of millions?  I don't think it matters whether it's a joint-venture deal or entirely for their own account. This could get really, really ugly.

Feel free to ignore my calculations in the prior post. I happen to like knowing how many shares a company has outstanding, and a few other obscure metrics. I recognize that most people don't care about such basics, and again, feel free to put my posts on ignore if you'd prefer to only hear about  the sunny side of the street.

[crow27]

In a couple of months we will get all the details. The march higher is about to begin.

[metalhead666]

It unfolds like this.....Currently the resource is defined.....Jan sees the full blown bankable feasibility study.....financing unveiled.....construction decision made.....work begins.  We go from being in the "orphan" period to the building phase.  The next quarter is THE most important one in the life of a mine per the Lasonde Curve.  It's the trough from which the

[goldmanforever]

what is the resource of TLG?  

[rdy2rumble]

Gold :-} maybe do a little reading