Tuesday, May 7, 2013

Turquoise Hill Resources Ready to Rumble

On November 17, 2008, the share price of Turquoise Hill Resources (TRQ), then known as Ivanhoe Mines, plummeted to $1.72 a share, dropping from the $11.12 share price it had reached on August 25 of the same year. Not too long afterwards, as news of the resources at its Oyu Tolgoi mine in Mongolia became known, the share price gained momentum, soaring to a high of $28.55 on February 28, 2011.

continue reading on Seeking Alpha to see what should drive the share price of the miner up.

1 comment:

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