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  "docSlug": "5b824599f052085c21bcf2f50024981a",
  "documentTitle": "TD Securities | Investment Banking Pitch Book | 43 slides",
  "authorId": "td-securities",
  "authorName": "TD Securities",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-07-01 00:00:00",
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  "pageNumber": 10,
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  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 25,
  "notes": "Includes a data table summarizing 5-year, 3-year, and 1-year averages, as well as highs and lows.",
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      "kind": "callout",
      "text": "TRQ prior to Rio Proposal consistently traded at a discount to peers on P/NAV",
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      "text": "Source: Capital IQ and research analysts. Note: Market data as of July 5, 2022. (1) Based on analyst consensus estimates. (2) Excludes Rio Tinto offer period since March 14, 2022. (3) Peers include Capstone, Ero, First Quantum, Hudbay, Ivanhoe and Lundin. (4) Based on NAVPS at time of proposal.",
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      "kind": "title",
      "text": "Historical P / NAV Turquoise Hill vs Peers",
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