from Kerry Lutz's Financial Survival Network
Trilogy Metals (Tickers – TSX/NYSE-MKT: TMQ) (sponsor) has been ceaselessly working to develop Alaska’s Ambler mining district, which has a huge high grade copper deposit of over 4%, along with larges amounts of gold, silver, lead and zinc. They’re benefitting greatly from record high copper prices. The company is extremely well capitalized, with over $80mm in liquidity and a major joint venture partner South 32. We got an update from President/CEO Tony Giardini. He’s got 15000 meters of drilling planned for this year, financed by a huge $27mm budget.
We asked Tony what affect high copper and gold prices will have on the latest FS (feasibility study). The answer is quite substantial, he indicated that the NPV (net present value) had nearly doubled to $2 billion and it’s IRR (internal rate of return) was over 40%.
We also got a status update on the road that will connect the company’s projects to the famed Dawson Highway. It’s all systems go. The state agencies and the company have budgeted funds to get work started and all interested parties are working hard behind the scenes to make this project a reality. And TMQ’s share price has responded accordingly, recently making new 52 week highs, nearly double it’s 52 week low.
While this is a longer term project, its success is greatly enhanced by the world’s insatiable demand for copper. In the transition to an electrified future, Trilogy will play a vital role.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3u2WKpG
