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I forgot to also say, Victoria Gold Eagle gold mine is Yukon's newest operating gold mine. Eagle is a producing open pit gold mine in Yukon Territory, Canada. The mine is currently ramping up to 200koz p.a. restarted operations in late 2020 with a view to ramping up to over 300koz p.a.. I know their are some investors that don't have much time to do a little research.so this is for you. I Know all about the great Lithium Royalty assets TRR has in Nevada & Mexico for future revenue/cash cow. TRR Thacker Pass asset must of already increased in value by going into mine construction mode. IMO TRR will beadle to raise cash when & if needed, by using Thacker Pass as colterol. All In My Opinion only.
Gold is as of today standing at $2020.00 with 9 Producing Mine Offtakes producing gold is brining in good cash to TRR.
and Gold is $2037 could take out ATH of $2074 any week now...
President and CEO John McConnell commented. This was the best Q1 performance for the Eagle Gold Mine since operations commenced with strong gold production and ore tonnage stacked on the heap leach pad. Victoria Gold announced today that the company produced 37,619 ounces of gold in Q1 2023, up 54.4% compared to 24,358 ounces produced in Q1 2022....TRR Victoria Gold Offtake....Trident owns an offtake for 25% of the gold produced at Victoria Gold’s Eagle Gold Mine up to 1,111,500 million delivered ounces.
https://www.kitco.com/news/2023-04-05/Victoria-Gold-reports-54-4-gold-production-growth-in-Q1-2023-y-o-y.html
Does anyone know how we would stand if we are on the right side of the Bacanora royalty ownership challenge judgement in Alberta but the Mexican government manage to wrestle the mining rights away from Gangfeng and give it to state owned LitioMx?
TSX would be good however investors in the U.S cant buy directly on TSX which is why hundreds of TSX companies list on OTC Markets, it helps liquidity too.
Makes more sense to list on the TSX in my opinion. Many of the North American investors that I know tend to avoid the illiquid OTC markets and buy their resource stocks on either the Canadian exchanges or London.
Moving off AIM onto the main board would be a good thing, and a TSX listing equally so.
I am pleased that TRR see a NA presence as a good thing though
I was wondering how they put in the shop windows too...
The LSE share trades list is pants.. my buy shows as a sale :S
Should do but will need some kind of promotion to let potential US investors know.
I added 10K this morning.
GLA
Should bring in extra buyers and with no shares being issued they’ll have to be buy in the market, which can only be good for the share price. With the Thacker Pass exposure and most of Trident’s peers having a US listing you’d think there should be good interest there.
I Concur with Cacher. The 9 Gold producing mines that TRR has Off Takes with must be brining in a nice healthy amount of cash each quarter into TRR financial war chest . Now Thacker Pass Lithium "owned by tier 1 company Lithium Americas" is now in construction. TRR Trident owns a 60% interest in a 1.75% gross revenue royalty (1.05% net to Trident) over the Thacker Pass Lithium Project, one of the largest known lithium resources in North America.
IMO Only of course. I would imagine that Trident assets in Thacker Pass is worth a lot more now than before construction started and as such could probably raise a good amount of cash by using that one asset as collateral. Without dilution of shares. Just my thought and of course all the other Assets,
The price of Lithium has an impact on the the NPV of Trident. TRR is currently worth around 20p/share less than at the time of the Thacker Pass confirmation. That will have an impact of raising finance in the future etc.,
Even the company themselves want the current share price to reflect NAV aspirationally x2NAV as per the big players, per their recent presentations.
So yes, lithium price does have a bearing on current share price valuations.
The gold royalties weren't production stage, so the price of gold was irrelevant as far as they were concerned. Equally, it'll be many years until TRR draws any income from lithium royalties, so the short term moves in the price of lithium are inconsequential. What is more relevant is the fluctuations in the price of gold - where TRR are able to take advantage through their considerable overtake portfolio.
They sold gold royalties now Li tanking?
Not only did Silicon Valley Bank, California USA collapse but also Signature Bank , a New York-based regional-size lender with significant cryptocurrency exposure failed over the weekend.
"IMO only of course". The 9 Producing Gold Mining Assets that TRR has in the portfolio. will IMO. make even more cash for TRR. Operator Location Commodity
Asset.
Sugar Zone Offtake. Silver Lake Resources. Canada. Gold. Production
Equinox Gold Los. Filos Offtake. Equinox Gold. Mexico. Gold. Production
Equinox Gold RDM Offtake. Equinox Gold. Brazil. Gold. Production
Equinox Gold Fazenda Offtake. Equinox Gold. Brazil. Gold. Production
Allied Gold Offtake. Allied Gold. Africa. Gold. Production
Blyvoor Gold Offtake South Africa. Gold. Production
Victoria Gold Offtake Victoria Gold Canada Gold Production
i-80 Gold Offtake. i-80 Gold USA . Gold . Production
Lincoln Gold Royalty. Seduli Holdings USA .Gold .Production
Kwale Mineral Sands Royalty. Base Resources. Kenya . Mineral Sands. Production
Koolyanobbing Iron Ore Royalty. Mineral Resources .Australia. Iron ore. Production
Mimbula Copper Royalty. Moxico Resources Plc (Private).Zambia. Copper. Production
The Company also have Royalties on advanced Assets some of which are in mine construction. Including Large Lithium mines. DYOR and above is for people that don't have time to research.
Trident Resources sold off several pre-production gold royalties for US$15.55 million. The Royalties were acquired by Trident for approximately US$6.25 million , representing a gross return on invested capital of over 140% in approximately two years. TRR has 9 in production gold assets brining in cash to the company along with Mineral Sands. Iron Ore & Copper producing assets. Its good to have producing gold Royalties etc in the portfolio, especially in todays economic / geopolitical situation. Gold brings in steady, solid, physical, real cash to the company for future investments etc. Of course the Lithium investments are important part of TRR future. Thacker Pass Nevada Lithium Royalty has & will increase in value now its started construction & once in production will be a cash cow to the company, IMO only of course & DYOR people.
Good find Smartpunter. The really interesting thing is that the article was written a year ago. Since then, Thacker Pass has had the go-ahead and is under construction, and the portfolio has been rejigged away from gold. Even at that stage, the author of the analysis was so impressed with the company that he bought shares in it after doing the analysis.
Says it all really.
Over 5.5mill in chunky sales (just under 2%) so far this morning.
Wouldn't be surprised to see a TR1 sometime soon.
Price seems to be holding up tho'
Impressive volume on a no news day 1,849,708 shares when the average over 3 months volume is 907,679 (source investing.com).
A meaty purchase late on today @ 59.4p for 223,083 shares costing £132.58k
GLA
At least they buying back shares at a good price.
Pedro
Same here bros..
gla.
Trident really are going places the income from Thacker pass is a complete and utter game changer. Just a matter of sitting and waiting. I still have an expectation they can bring this forward to 2025.
This is fantastic news
I bought in here 2 years ago @35p in March 2021 on the TP Lithium potential!
Can't quite believe it.
GLA