At the rate the mine is going, the debt and trade creditors is not a problem. The risk is operational risk; something unforeseen happening like mine collapse, mill failure, etc which would have a catastrophic effect on the company’s financial position. The mine is highly cashflow positive and is expected to pay off the debt. There is millions in trade creditor debt but there is also millions worth of ore stockpiles.
The other risk is exploration not coming up with enough ounces in their tenements.
TRY Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
