Trilogy Metals Arctic Project Value Doubles on Higher Gold/Copper Prices
Trilogy Metals (sponsor) has been ceaselessly working to develop Alaska\u2019s Ambler mining district, which has a huge high grade copper deposit of over 4%, along with large amounts of gold, silver, lead and zinc. They\u2019re 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\u2019s planned 15000 meters of drilling for this year, financed by a huge $27mm budget.\xa0 Tony explained the highly positive affects that high copper and gold prices have had on the latest FS (feasibility study). He indicated that the project's NPV (net present value) had nearly doubled to $2 billion and that it\u2019s IRR (internal rate of return) was now over 40%.\xa0 \xa0 We also got a status update on the connector road that will link the company\u2019s projects to the famed Dawson Highway. It\u2019s all systems go. The appropriate state agencies have budgeted funds, along with Trilogy, to commence work and all interested parties are working hard behind the scenes to make this project a reality. TMQ\u2019s share price has responded accordingly, recently making new 52 week highs, nearly double it\u2019s 52 week low.\xa0 While this is a longer term project, its success is greatly enhanced by the world\u2019s insatiable demand for copper. In the transition to an electrified future, Trilogy will play a vital role.\xa0 www.trilogymetals.com\xa0 Tickers - TSX/NYSE-MKT: TMQ