THE CRITICAL INVESTOR

Dear subscriber,

One of the best copper developers worldwide has been the target of my countryman Kees Dekker this time around, which is Trilogy Metals. He tried hard to shoot some holes in their thesis, and after lengthy discussions with management some issues remained, with Trilogy unable to come up with verifiable documentation for their standpoints. One of these issues is the LNG concept for cheaper fuel, but there are a few more things, which Kees didn't immediately interprete as threats for Arctic, but which could likely cause future increases of opex, possibly being addressed in the Feasibility Study. Despite adjusted opex, economics remain robust so the end verdict is positive. Read more about it here:

Kees Dekker Versus Trilogy Metals: An Analysis

Regards,

The Critical Investor