Trilogy Metals: Speculative Real Option On Copper


I final checked out Trilogy Metals Inc. (NYSE:TMQ) shortly after its three way partnership settlement with South32 Restricted (OTCPK:SOUHY). The corporate was doing a roadshow proper earlier than the COVID pandemic and I used to be nonetheless managing exterior

TMQ overview

Determine 1 – TMQ overview (TMQ investor presentation)

Arctic is a world-class project

Determine 2 – Arctic is a world-class mission (TMQ investor presentation)

Copper ore grades have been trending lower

Determine 3 – Copper ore grades have been trending decrease (Wooden Mackenzie)

Arctic ranks well against other undeveloped mines

Determine 4 – Arctic ranks nicely in opposition to different undeveloped tasks (RBC Capital Markets)

Arctic FS summary

Determine 5 – Arctic FS abstract (TMQ investor presentation)

Arctic is projected to generate over $400 million in annual cash flows

Determine 6 – Arctic is projected to generate over $400 million in money flows (Arctic February 2023 Feasibility Examine)

TMQ is largely institutionally held

Determine 7 – TMQ is basically institutionally held (TMQ investor presentation)

TMQ's partner is South32

Determine 8 – TMQ’s accomplice is South32 (TMQ investor presentation)

Proposed road to access Arctic project

Determine 9 – Proposed highway to entry Arctic mission (TMQ investor presentation)

Road permitting in purgatory

Determine 10 – Street allowing in purgatory (TMQ investor presentation)

EVs can use up to 10x more copper per vehicle

Determine 11 – EVs can use as much as 10x extra copper per car (Visible Capitalist)

Most analysts expect a structural supply shortfall in copper

Determine 12 – Most analysts count on a structural provide deficit in copper (TMQ investor presentation)

Arctic project economics highly sensitive to commodity prices

Determine 13 – Arctic mission economics extremely delicate to commodity costs (Arctic February 2023 Feasibility Examine)

Trilogy Market Cap vs. Copper Price

Determine 14 – Trilogy Market Cap vs. Copper Worth (Creator created with worth charts from Looking for Alpha and

TMQ has backing of major indigenous tribes

Determine 15 – TMQ has backing of main indigenous tribes (TMQ investor presentation)