Trigon Metals Inc V.TM

Copper

[FatherJack]

With Copper bouncing nicely off the recent lows why hasn't Trigon shown more life?

[AlfTanner]

Why this is dead money. 1. The market does not believe that they will be successful with the underground mine.  Underground mining is difficult, and companies rarely meet their goals with new underground mines. 2. Investors will be apprehensive until the reverse split and the spin off are complete.    

[Red_Deer]

ALF__AGREE 100% with Your 2 Points. Would ADD ONE More__The MARKET became CAUTIOUS with the News that SPROTT Exercised ONLY 30% of his IN THE MONEY 20 Cent Warrants__When TM was Trading in thel 23/24 Cent Range. Eric Sprott adds to Trigon Metals stock position   Trevor Abes , The Market Online January 9, 2024   Eric Sprott exercised 2 million Trigon Metals common

[666999]

Junior sector is depressed, this is a reason, Sprott has some massive lost with juniors, and invest less, 

[Pound1]

Why exercise the options when you know the rollback is coming and the stock is going to drop before and after the rollback. 

[666999]

I disagree that underground mining is difficult, not all underground mines are same, and TM will restart old mine, so one less thing to worry about, as this is not new mine, problem at TM is OP, with low tpd and high strip ratio, thats why mgmt wants to go underground, till we get results there is nothing happening with share price, 

[AlfTanner]

I have followed a lot of mining companies, and the goals with underground mines are almost never met.  Having a previously operated mine is not necessarily an advantage.  Why did it shut down in the first place?  Were costs too high?  Costs are going to be a lot higher now due to inflation.  In addition, the deeper a mine goes, the more it costs.  Many of the

[Red_Deer]

YOU Just LET the GEENIE Out of the BOTTLE eh !!!!!!!!!!!!!

[FatherJack]

The fact that it's full of water makes me even more skeptical.  How long did it take Cameco with almost unlimited resources to deal with the cigar lake water problem?

[AlfTanner]

Water is certainly a problem with deep mines.  However, I am not saying that Trigon's underground mine will not be successful.  I am just saying that investors have good reason to be wary.  If you are going to invest in something like this, you have to limit your risk by keeping your investment low.  When the company starts showing that they can meet the goals they set

[666999]

Mexico is good example of old mines being rehabilitated, and doing great, look SIL for example, grade 872 g/t Ag, TSK is another story, grade 7-10 g Au/t, as I said till TM starts earning cash and ramping production nothing will happen, will this story be sucess, well I dont know, but I wont whine every day, give mgmt a chance or sell and move on....