Troilus Gold Corp T.TLG

Here is a link for you negative nellies to have a look at

[Potadvisor1]

that shows you a chart of annual aquisitions of gold reserves and resources from 2012 to 2021.
It shows you how many were done in a particular year, what the average gold price was in thet year and what was paid per ounce in reserves and resources. As you will see, the cheapest average price per ounce paid was $33.51 in 2017, there were 12 deals done that year and the average gold price was $1,257. The highest price paid per ounce was in 2021 at an average price of $171. 45 with 7 deals done that year and the average gold price of $1,800. Now what should TLG get for their reserves and resource at OVER $2,000 dollar gold price per ounce ??? Even if you were to get the lowest value per ounce paid of $33.51 when gold was ONLY $1,257, that is still a TRIPPLE from here. So for those who think that's not likely with what we have, than SELL and stop crying about how low we are. Go buy some oil and gas which you should have sold last year and not hang on like most small fry always do. Gold, Copper and other base metals is where it's at today. 

So open the link and scroll down a little and see what is the reality of TLG's actual value today. 


https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-rrs-2022-m-and-a-price-paid-per-ounce-up-on-high-market-price

[metalhead666]

Thanks for that!  Marathon was too good to pass up and was in construction....Artemis probably has a bullseye on its back. TLG certainly fits the bill as to scale, location and bargain basement price.  A takeover would never be my only reason to buy but it's nice to have in your back pocket. 

[metalhead666]

I think it's good too to compare TLG with ARTG.  They are nearly identical so far as grade, scale, size, production profile, AISC etc....TLG will have better grades as they factor in the high grade lenses uncovered between the existing pits. TLG has a higher share count but also has $500 million worth of infrastructure that ARTG had to build from scratch so the total build cost for TLG

[Hundo22]

There is a big difference between the two however, share structures and stage of development. Artimus seems to be managing to achieve their goals at 200million share count. TLG has yes already reached 200million. Yet isn't at the same stage.  That's my only gripe with the company. But tlg strong , should still reach 3 bucks. 

[metalhead666]

The share price reflects that.  Again....on a price to NAV basis which is my favorite metric....TLG is 1/4th to 1/5th the valuation of ARTG.  As TLG reaches the same stage of development as ARTG it should trade at a similar price to NAV as ARTG regardless of share count.  If you follow the Lasonde Curve and expect that eventually every decent project trades at 1x NAV....ARTG should

[metalhead666]

To clarify....Once TLG gets to the same stage as ARTG it should be 5x higher or $1.50 or so.   At commercial production and 1x NAV assuming all goes well.....$3

[AlwaysLong683]

Has a Feasibility Study been done to date? If not, no one knows what the estimated NAV of TLG is until the FS planned for completion in Q1 2024 is released.

[metalhead666]

Going by the PEA from 2020.  The FS comes out in a couple of weeks or so.  It will look a lot better than the PEA given all the drilling and high grade lenses being incorporated

[metalhead666]

ARTG got half their money from insiders....40% plus I believe.  They didn't have to go to the market to raise a lot of coin.  I'm of mixed opinion on this....on the one hand it's great to have management so fully invested but on the other hand I wonder how they'll ever cash out.  They could never unload all those shares to the public without killing the stock. So

[rdy2rumble]

Dividend would be nice