[Ferro-Alloys.com]Thompson Creek Metals (TC) is a molybdenum mining company that is in the process of diversifying by developing a copper and gold mine called Mount Milligan in British Columbia, Canada. The cost of developing Mount Milligan went up from $915 million to $1.5 billion, leading Thompson Creek to take on substantial amounts of debt and sell part of the gold stream from Mount Milligan to Royal Gold (RGLD).

 

The construction on the Mount Milligan mine has appeared to make it past the winter season on track to begin operations in the latter half of 2013, with full production starting in 2014. Therefore, this seems to be a good time to evaluate what a fully operational Mount Milligan means for Thompson Creek's value.