Troilus Gold Corp T.TLG

Good and not-so-good.

[templetooth2]

I'll start with the good news. Surprised that nobody has commented on either of the two points I am about to makr.

GMIN today acquired Reunion (RGD) for US$638 million. Reunion has 4.3 mm oz indicated and 1.6 mm oz inferred, all at over 2 grams per tonne, so about 3 X as rich as Troilus. If you take only half the inferred, GMIN is buying 5.1 million oz in the ground at US$125 per ounce. Good deal. 

If by some stroke of luck such a deal were achieved for Troilus' 11.8 million oz., it would work out to US$1,475,000,000 or Cdn$ !,991,000,000.. I have long since forgotten how many fully-diluted shares this pig has outstanding, but if it's 350 million. that would compute to a mind-boggling Cdn$5.68 per share. 

Cool your jets. 2 grams per tonne v. .7 is Major League Baseball v Single A.

Big Money knows this. Witness last week's transaction with Sayona selling 19.2 million shares at 63 cents to various institutions for a totl of $12.1 million $Cdn. These new and existing institutional holders apparently didn't have the appetite for the additional 1.2 million shares that were presumably absorbed by us, the great unwashed.. So if institutions value this company at 63 cents and using the same 350 million fully-diluted, that's $220 million Cdn or US$163 million or US$13.81 per ounce in the ground.

Troilus should be worth a lot more than 63 cents, less than US$14 per ounce. Heavy emphasis on "should".  Under this management group, flip a coin.

[Gutinstincts55]

283M shares O/S  /   308M fully diluted 

[Gutinstincts55]

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

[AlwaysLong683]

IMO, yesterday's PR meant little save for the 0.63 sale price per share - looks like a case of Sayona in need of cash to keep their creditors happy / lights on.   The release of the DFS is of course the big upcoming event.    If it's a Joint Venture deal, will be interesting to see if TLG simultaneously announces who their JV partner will be along with the terms of

[oneoone]

im an optimist  if the smart institution money is scooping up distress sale shares im good

[barringtondolby]

Did you assign any value to Troilus regarding its copper resource?