Troilus Gold Corp T.TLG

Gold Going Up

[crow27]

TLG just treading water ...................... but not for much longer folks. Buy more if you can at these basement prices.

[Gutinstincts55]

I know I made my last buy Crow.  My wife came into my home office last week & said, "$5,200 more to etrade."  Then I got that look from a wonderful & soft spoken woman telling me that's it.  I'm waist deep here & I've never had a moment of regret.  We are entering an environment (not quite there) where even so-so projects get rewarded.  

[metalhead666]

Best outcome would be a sale of the project at a decent premium. Justin the serial non delivering BS artist will never build this.  Impossible that they could raise a $Billion for anything close to 10% interest or deals that sell off future production, copper or the seed corn.  Go study up on IAM gold...they're likely to go bankrupt even as they turn on a new mine because of massive

[AlwaysLong683]

As I stated in an earlier post, I think TLG's initial capex number for the project up to first pour will likely be between $900M and $990M because the optics of a $1B+ project would likely scare off a number of potential investors (and perhaps a few existing institutional shareholders as well...?).   I wouldn't compare TLG to IMG since the latter is already a producer with other

[Gutinstincts55]

I'd bet at this time a major(s) are all or partly behind the larger throughput mine change increasing CAPEX.  Not only do I believe they do not fear it, I believe they are encouraging it to cement a JV.   But for argument sake let's say you're right.  Which I believe to be the absolute worst case scenario, short of a permitting fail (unlikely).  The downside risk

[AlwaysLong683]

Good point - certainly possible to have an initial capex of over $1B if TLG and their JV partner decide to go bigger sooner...I believe someone on this BB posted that the reason for the delay may in fact be to raise annual production targets. However, I was not referring to the JV partner, which may indeed push for a higher annual throughput / lower LOM scenario. My comment was directed at

[Gutinstincts55]

No one here knows what 1/2 the project will cost a willing partner to get in.  Until we know that & the total CAPEX we can't even begin to know what additional financing is going to be necessary to get to putting a shovel in the ground.  If this is being driven by a potential partner, which I don't know but seems VERY possible we could have a JV announcement not too far after

[AlwaysLong683]

Don't mean to pick on JR, but in my view, it's not simply the delays, which can happen due to unforeseen events or a change of plans re. a better route to go after re-examining their intital strategy or during talks with a potential partner. It's also past statements he's made to the investment community that I find were misleading at best.   1) When asked during the Crux

[Gutinstincts55]

- Partnering with a major - exceptionally likely A team just does not make 11th hour changes for no reason - A full buyout - much less probable, but possible This would only happen if there is a bidding war for the deposit.  It's highly unlikely, but never say never. - Going it alone - near zero chance/highly unlikely There is no way the path forward is securing the financing on their

[metalhead666]

Even if they went 50 50 with a major...how will they come up with their $500 million?

[tomgranite]

The major will have to pay up several hundreds of $mil to get in to the partnership. Troilus then uses this cash to fund their 50%.

[AlwaysLong683]

I think they can get there by taking on some debt that would likely be manageable plus entering into an offtake agreement for the copper. Once a debt syndicate / lender loans a company like TLG money, they don't want it to go belly up, so even if the project hits some snags, the lender would in all likelihood provide covenant relief. Also, in almost all cases like this, no debt or interest