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RTNTF - Turquoise Hill Has Good Chances To Get Above $1.00
Rio Tinto Ltd Aud2 Ord
At the end of June, I wrote an article about Mongolia's decision to build a power plant for Oyu Tolgoi and the impact of this move on Turquoise Hill Resources (TRQ). Since then, the company has published an update regarding the completion of the 2020 Oyu Tolgoi Feasibility Study and the stock gained upside momentum:
It's high time to look at the key parts of this update:
Turquoise Hill maintains the previous additional capital estimate of $1.3 billion - $1.8 billion. According to the press release, "more detailed cost and schedule update will be