Turquoise Hill Resources | StockChase
141
Turquoise Hill Resources (TRQ-T)

Last Price Recorded: $3.9400 on 2017-12-15

ON STOCKCHASE SINCE Apr 2002

Formerly Ivanhoe Mines

precious metals
141
Turquoise Hill Resources (TRQ-T)

Last Price Recorded: $3.9400 on 2017-12-15

ON STOCKCHASE SINCE Apr 2002

Formerly Ivanhoe Mines

precious metals

Turquoise Hill Resources


Signal Opinion Expert
COMMENT
Turquoise Hill Resources(TRQ-T) 

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.

precious metals

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.

precious metals
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital ...

PricePrice
$3.760
Owned Owned
No

PAST TOP PICK

(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.

precious metals

(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.

precious metals
Jason Mann

CIO & Co-Founder, Edgehill Patners...

PricePrice
$4.100
Owned Owned
No

COMMENT
Turquoise Hill Resources(TRQ-T) 

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.

precious metals

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.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$3.950
Owned Owned
Unknown

COMMENT

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.

precious metals

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.

precious metals
Jason Mann

CIO & Co-Founder, Edgehill Patners...

PricePrice
$3.810
Owned Owned
Yes

TOP PICK

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.

precious metals

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.

precious metals
Jason Mann

CIO & Co-Founder, Edgehill Patners...

PricePrice
$3.300
Owned Owned
Yes

BUY

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.

precious metals

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.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$4.350
Owned Owned
Yes

DON'T BUY

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

precious metals

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

precious metals
Brent Cook

Exploration Analyst & Geologist, Exploration Insights...

PricePrice
$3.870
Owned Owned
Unknown

COMMENT

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.

precious metals

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.

precious metals
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital ...

PricePrice
$3.600
Owned Owned
No

DON'T BUY

Great assets in a risky jurisdiction. Even at this level she wouldn’t step in. She would want to see more clarity with the Mongolian government and what action they may take. On top of this, copper prices are falling.

precious metals

Great assets in a risky jurisdiction. Even at this level she wouldn’t step in. She would want to see more clarity with the Mongolian government and what action they may take. On top of this, copper prices are falling.

precious metals
Alice Tsang

Portfolio Manager, Marquest Asset Manag...

PricePrice
$6.280
Owned Owned
No

HOLD

One of the largest undeveloped copper/gold mines globally (in Mongolia). The concern is that the Mongolian government has been postulating and trying to get higher taxes and royalties. This has made investors nervous. Once the company starts production, they should be generating excellent cash flows.

precious metals

One of the largest undeveloped copper/gold mines globally (in Mongolia). The concern is that the Mongolian government has been postulating and trying to get higher taxes and royalties. This has made investors nervous. Once the company starts production, they should be generating excellent cash flows.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, ...

PricePrice
$7.260
Owned Owned
Unknown

BUY

Recognizes this as the only, very large, new independent listed copper producer in the world for many years. Rio Tinto (RIO-N) now controls it totally and are the best people to do the block caving and the best people to be totally organized and to maintain a good relationship with the Mongolian government.

precious metals

Recognizes this as the only, very large, new independent listed copper producer in the world for many years. Rio Tinto (RIO-N) now controls it totally and are the best people to do the block caving and the best people to be totally organized and to maintain a good relationship with the Mongolian government.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$8.020
Owned Owned
Yes

DON'T BUY
Has been in a downtrend since the beginning of 2011 but maybe basing out right now. Until it breaks the downtrend line, he would not be a buyer.
precious metals
Has been in a downtrend since the beginning of 2011 but maybe basing out right now. Until it breaks the downtrend line, he would not be a buyer.
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Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$10.040
Owned Owned
No

COMMENT
Looking fairly attractive at this level. The discovery in Mongolia has the prospect of being one of the largest copper/gold mines globally. Brought in a partner, Rio Tinto (RIO-N), which took control of the partnership, which has de-risked the project for Ivanhoe. They are in the market with a rights offering in a $7 range, which he thinks will be taken up.
precious metals
Looking fairly attractive at this level. The discovery in Mongolia has the prospect of being one of the largest copper/gold mines globally. Brought in a partner, Rio Tinto (RIO-N), which took control of the partnership, which has de-risked the project for Ivanhoe. They are in the market with a rights offering in a $7 range, which he thinks will be taken up.
precious metals
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$9.510
Owned Owned
No

PARTIAL BUY
This one has been following the course of most commodity sensitive stocks. Chart shows a strong downtrend. Currently it is right in the resistance and this is not a place to give away the stock. Don't Sell. If you like, you can pick away at it.
precious metals
This one has been following the course of most commodity sensitive stocks. Chart shows a strong downtrend. Currently it is right in the resistance and this is not a place to give away the stock. Don't Sell. If you like, you can pick away at it.
precious metals
Bill Carrigan

Technical Analyst, Getting Technical In...

PricePrice
$12.750
Owned Owned
Unknown

COMMENT
Copper has not come off that much but there is the expectation that it is about to roll over and the stocks have rolled over. This company has already been bought and no one can take over Rio Tinto’s position. It has one of the great resource deposits on the planet and is going into production. When it is up and running and they can prove it works, it should trade at $20-$25. Probably not a bad pick.
precious metals
Copper has not come off that much but there is the expectation that it is about to roll over and the stocks have rolled over. This company has already been bought and no one can take over Rio Tinto’s position. It has one of the great resource deposits on the planet and is going into production. When it is up and running and they can prove it works, it should trade at $20-$25. Probably not a bad pick.
precious metals
Bill Harris, CFA

Portfolio Manager, Avenue Investment Ma...

PricePrice
$13.510
Owned Owned
No

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