Trilogy Metals (TMQ) has retreated from where I last sold it at $2.01 USD. I am jumping in again as all of the original reasons for owning it are still valid including the expected positive decision regarding the access road and the likely formation of a JV with South 32. I took an hour to watch an O&M webinar that reinforced my positive view. Joe Mazumdar from Exploration Insights contributed an overview of the copper market which was a nice touch. The webinar is available here (registration required). It became very interesting at about 28:10 minutes when the prospectivity of Trilogy’s land package was discussed. I plan on adding additional tranches on weakness and would only be dissuaded if there was disappointing news about the access road. Trilogy has assembled a top team to go with its high grade assets. Social license is in place. Government appears to be on board. It is an excellent Speculation.
I will consider this tranche an opening position in keeping with the formalities of this blog. I am already an owner predating this blog.
Bought tranche at $1.87 (USD).