KenjiAnalyst

Technical analysis of TRQ based on fundamental analysis

Long
NYSE:TRQ   Turquoise Hill Resources Ltd
Oyu Tolgoi is one of the world’s largest new copper-gold mines and is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border.

Oyu Tolgoi has the potential to operate for approximately 100 years from five known mineralized deposits. The first of those (the Oyut deposit) was put into production as an open-pit operation in 2013.

A second deposit, Hugo North (Lift One), is under development as an underground operation and is scheduled to begin sustainable production in 2022. The other three deposits, Hugo North (Lift Two), Hugo South and Heruga, are not yet scheduled for development.
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