Turquoise Hill Resources

TRQ-T

TSE:TRQ

0.89
0.02 (2.20%)
Turquoise Hill Resources is a Canadian mineral exploration and development company headquartered in Vancouver, British Columbia.
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Analysis and Opinions about TRQ-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 21, 2020
A difficult stock to read technically. Looks like a news-driven play. Pass, but maybe hold. It's a hold waiting for news.
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A difficult stock to read technically. Looks like a news-driven play. Pass, but maybe hold. It's a hold waiting for news.
WATCH
WATCH
January 3, 2020
There's a big fall in July from $1.38 to $.82. A huge drop of 43%. It bottomed out at $.60 and then moved back to above $1.00. A very volatile stock. It doesn't looks good below $.80.
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There's a big fall in July from $1.38 to $.82. A huge drop of 43%. It bottomed out at $.60 and then moved back to above $1.00. A very volatile stock. It doesn't looks good below $.80.
TOP PICK
TOP PICK
December 30, 2019
It is a play in the huge Mongolian copper mine. They have another year and a half of liquidity. There are concerns that they cannot come up with their share of the CAP-X. It got deleted from the TSX index. The quality of the asset is not in question. There is also tax loss selling and it is now oversold. There should be a pretty good bounce in the stock. (Analysts’ price target is $1.44)
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It is a play in the huge Mongolian copper mine. They have another year and a half of liquidity. There are concerns that they cannot come up with their share of the CAP-X. It got deleted from the TSX index. The quality of the asset is not in question. There is also tax loss selling and it is now oversold. There should be a pretty good bounce in the stock. (Analysts’ price target is $1.44)
DON'T BUY
DON'T BUY
November 8, 2019
He finds that it’s a weird base so he would look further into it. It’s a copper company. At around .70 cents, he would buy.
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He finds that it’s a weird base so he would look further into it. It’s a copper company. At around .70 cents, he would buy.
SPECULATIVE BUY
SPECULATIVE BUY
November 6, 2019
Not for the faint of heart--political risk. If things work, this has huge upside. It's one of the largest copper gold deposits in the world.
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Not for the faint of heart--political risk. If things work, this has huge upside. It's one of the largest copper gold deposits in the world.
BUY
BUY
March 5, 2019
One of the best copper deposits in the planet. It will grow and grow and grow.
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One of the best copper deposits in the planet. It will grow and grow and grow.
WAIT
WAIT
March 5, 2018

It comes down to your view on copper. If you have a positive view on copper, this asset will go on for 40-50 years. There is quite a large capital outlay to build the asset. It will be 2 to 3 years and you have to be on side with Mongolia. It’s a buy and hold.

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It comes down to your view on copper. If you have a positive view on copper, this asset will go on for 40-50 years. There is quite a large capital outlay to build the asset. It will be 2 to 3 years and you have to be on side with Mongolia. It’s a buy and hold.

Jon Case

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Price
$4.100
Owned
Unknown
COMMENT
COMMENT
September 15, 2017

A Mongolian project with single assets. For all intents and purposes, it is a public controlled vehicle of Rio Tinto (RIO-N), which owns 51%. A low grade large deposit with lots of growth going down the road as they develop the underground portion. It is currently open pit. Feels it is fairly valued. Sensitive to copper.

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A Mongolian project with single assets. For all intents and purposes, it is a public controlled vehicle of Rio Tinto (RIO-N), which owns 51%. A low grade large deposit with lots of growth going down the road as they develop the underground portion. It is currently open pit. Feels it is fairly valued. Sensitive to copper.

PAST TOP PICK
PAST TOP PICK
March 30, 2017

(Top Pick Apr 6/16, Up 26%) You get the above ground mine and a fully funded underground mine. It has been a laggard. He has moved on from this one.

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(Top Pick Apr 6/16, Up 26%) You get the above ground mine and a fully funded underground mine. It has been a laggard. He has moved on from this one.

COMMENT
COMMENT
September 28, 2016

He likes this a lot. A very large gold producer, sort of in drag. A copper mine that produces an awful lot of gold. It will produce gold for a very long time. It is going to make an awful lot of money and should be a cornerstone in many people’s portfolios.

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He likes this a lot. A very large gold producer, sort of in drag. A copper mine that produces an awful lot of gold. It will produce gold for a very long time. It is going to make an awful lot of money and should be a cornerstone in many people’s portfolios.

COMMENT
COMMENT
June 3, 2016

A copper mine in Mongolia. Controlled by Rio Tinto (RIO-N). One of his favourite positions. Scores at the top of the pack on valuation. Great balance sheet with a ton of excess cash. Going into production a couple of years out. One of the lowest cost copper producers globally with one of the best assets. The extra juice is if Rio decides to consolidate the rest of it, which they may well do if the copper market is turning in their favour.

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A copper mine in Mongolia. Controlled by Rio Tinto (RIO-N). One of his favourite positions. Scores at the top of the pack on valuation. Great balance sheet with a ton of excess cash. Going into production a couple of years out. One of the lowest cost copper producers globally with one of the best assets. The extra juice is if Rio decides to consolidate the rest of it, which they may well do if the copper market is turning in their favour.

TOP PICK
TOP PICK
April 6, 2016

18 months ago, very few of his picks would have been in the resource sector, but he is seeing a shift to the cyclical value. This owns one of the best undeveloped copper assets globally. They are cash flowing from their open pit mine today. This has a 40-year life, so you are buying an asset that has got a very long time for cash flow. Has no debt problems, and has $1.3 billion cash on the balance sheet, which will be used to develop their underground mine. Trading at 6.2X EBITDA and about 14X PE. Price momentum has been improving as copper stocks have been moving up. Rio Tinto (RIO-N) has managed to do a creeping takeover over the last number of years, and own over half of it. If the cycle starts to turn, it would make a lot of sense for Rio Tinto to take in the minority.

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18 months ago, very few of his picks would have been in the resource sector, but he is seeing a shift to the cyclical value. This owns one of the best undeveloped copper assets globally. They are cash flowing from their open pit mine today. This has a 40-year life, so you are buying an asset that has got a very long time for cash flow. Has no debt problems, and has $1.3 billion cash on the balance sheet, which will be used to develop their underground mine. Trading at 6.2X EBITDA and about 14X PE. Price momentum has been improving as copper stocks have been moving up. Rio Tinto (RIO-N) has managed to do a creeping takeover over the last number of years, and own over half of it. If the cycle starts to turn, it would make a lot of sense for Rio Tinto to take in the minority.

BUY
BUY
August 12, 2015

Likes it. Top deposit in the world. He sees them being able to weather the low commodity environment. He thinks it will eventually be part of Rio Tinto.

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Likes it. Top deposit in the world. He sees them being able to weather the low commodity environment. He thinks it will eventually be part of Rio Tinto.

DON'T BUY
DON'T BUY
March 4, 2015

Mongolian mines: They have made so many tries. They are still fighting with the government there. The government has shown themselves to be indecisive.

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Mongolian mines: They have made so many tries. They are still fighting with the government there. The government has shown themselves to be indecisive.

COMMENT
COMMENT
November 5, 2014

A tortured story, but shouldn’t be a surprise as they are dealing in a difficult environment in Mongolia. A massive operating mine of over 1 billion pounds of copper and 60 thousand ounces of gold. They are waiting for government approval for going underground. There are concerns about how long that might take. He doesn't like the geopolitical risks.

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A tortured story, but shouldn’t be a surprise as they are dealing in a difficult environment in Mongolia. A massive operating mine of over 1 billion pounds of copper and 60 thousand ounces of gold. They are waiting for government approval for going underground. There are concerns about how long that might take. He doesn't like the geopolitical risks.

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