Having studied the previous exploration extreemly closely, I think it is accurate to say that Troy were only interested in bulk, high grade, open pit ore and then in 2007 it was a very simple busines decision to move the plant as they had purchased the ounces and oppotunity at Andorinhas.
I have no faith in SML exploration. I had always blamed Troy for the lack of success at Goias and did not realise that they mined and relied on their JV partner to complete the regional exploration.
I place great weight on the fact is that Troy assumed direct management of the Goias Velho project in Nov 05 and had to direct re-assaying of the regional grid bassed soil samples.
I also place great weight on Troy stating that they had identified issues with assay techniques in Oct 06, however; never really had time to resolve this issue before the project was pulled.
Google "gold nuget effect on exploration".....
Have a look at the at the TRY q3 activities report released on 29 Apr 05. There is some finer detail amongst the extreemly high grade in this announcement. Firstly, Troy drilled this not SML.
Secondly, the assays were uncut which means the volume of material assayed is increased as they did not split the core therefore reducing the nugget effect.
Thirdly, Assay method.
Anglo bought in for a reason and some in this space are just sheep with the way they view this opportunity we have right now.
AGA are the wolf.
Hey, but what would I know right.
OGX Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
