EDISON EQUITY RESEARCH: TRUE NORTH GEMS - FINANCED, IN CONSTRUCTION & DUE TO START 2015

Taking the market by surprise is surely the continued turnaround in fortunes for True North Gems (TGX). Mine construction is now underway, which follows completion of its project financing, announced on 11 September 2014, and the approval of its mine permit on 3 March 2014. Construction and first cash flows are anticipated during 2015.

True North Gems intends to develop its 100% owned and exploitation (mining) permitted Aappaluttoq ruby and pink sapphire mine in Greenland.

To view our full report, please click here:
http://www.edisoninvestmentresearch.com/research/report/true-north-gems1



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