Financial Survival Network

Trilogy Metals’ CEO Tony Giardini sat down with us for a sponsor update. He gave us an upbeat appraisal of the company’s latest developments. Trilogy recent struck 12% copper eq, “an extraordinary result.” Rising copper/gold/silver prices have increased the net present value of the Arctic project to over $2.7 billion. While inflation is affecting all mining concerns, Trilogy isn’t seeing much of an increase in its proposed capital expenditures. Trilogy is still among the lowest cost potential producers in the world with all-in cash costs of $0.98 of payable copper (current spot price is over $4). At present, the market seems oblivious to Trilogy’s rising value and vastly improved project economics. Tony believes that this won’t continue for much longer and sees a future re-rate as likely. Additionally, the company recently upped its resource estimate of its Bornite Project. There’s over 6 billion of pounds of copper (indicated and inferred) so far. They’ve also upped their cobalt estimate to over 88 million p