Re: Terrane to go ahead with contruction on Mt. Milligan

Major Emerging Gold Producer in Central B.C.

LOM average 217,000oz/yr Au , 88 million lbs/yr Cu for 15 years on Flagship property (CAPEX payback 2.9 yrs. at $900/oz Au,$2.50Cu)

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Panamax

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Re: Terrane to go ahead with contruction on Mt. Milligan

in response to

Terrane to go ahead with contruction on Mt. Milligan

minetheprofit

posted on Jan 08, 2010 10:53AM

minetheprofit -

As a recent purchaser of TRXOF, I was wondering why the market has punished the share price on the news that Terrane is going to pursue building the Mt. Milligan project alone. Even though capital formation is very hard in this environment, the fundamentals of the project are overwhelming positive.

This appears to be a monster deposit in a world of decreasing gold reserves. And the demand for copper (esp. from China and India) just isn't going to go away.