Hey there,
Troilus is not a bad exploration & development company. It's flagship property, the Troilus Gold Project, is one of the largest advanced stage gold projects in the world. According to the PEA, it estimates a 22-year mine life and average annual production of 220K over the first five years and 246K over the next 14.
This alone makes it attractive. On the flip side, it also looks to be one of the most expensive in terms of costs with AISCs coming in at ~$1,050 per oz which is above average. This is likely why the company looks cheap based on expected production rates. Compared to other juniors and late-stage exploration companies, TLG's production to cost ratio is below average. In fact, the companies AISC's is the highest of all junior producers in North America.
Not to say its a bad stock, but the discount is likely warranted given the higher cost profile. At $2000 per gold it will be just fine, but personally, I prefer to invest in miners with lower cost profiles. Why? It decreases the risk should the price of gold fall off a cliff.
Mat