Why aren't these precious metals companies making money? Gold and Silver have been high for several years now. This company used to be a $16 dollar stock. Look at HL, AUY, and MUX. Same thing...What's up...Is it a fraud?
Also, TC was a pure Moly producer. Mt Milligan is their 1st non-Moly mine and it's not even in commercial production yet. TC was making huge chunks of cash when Moly was priced high.
Sentiment: Strong Buy
The equity has been heavily diluted and they are not profitable. Some say the metals at these prices are below the cost of production. The mining companies will wither and be scooped up for a song.
Specificly for TC, it was wether or not they had enough cash to get MM running. and a years worth of wonderment does terrible things to the price over the same year.
Gas used to be $1 a gallon and miners used to work for $40,000 a year.