for the patient..we will see north of 10/share .....or a 70% return from current levels. May take a few years. Be patient. Trading well below book value...
I just got in at $6.98 myself. At this price, TC's market Cap is around a Billion. Mt. Milligan looks like it ALONE will be worth at least a billion. With TC having about as much cash as Debt, I really don't see it as too risky. If it goes much lower, it will probably get bought out (would be cheaper than building a mine from cratch right now).So TC is like buying a used car (Mt. Milligan) at Kelly Blue Book Price, but in addition the seller throws in their house (Molybdenum business)!
Mt Milligan is worth a heck of a lot more than $1bilion. It will throw off around $300mill a year in cash flow at today's metal prices.
So you've got a price target of 12 on it to get your 70% return from here?