TRY 0.00% 3.0¢ troy resources limited

The Cashflow Bullet, page-464

  1. 60,671 Posts.
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    Yes try will extend LOM but ATM there is less than 2 year (119k oz) proven and probable resources


    There is about 350 ox in the indicated resources and 500k in indicated but we can't be assured all of it can be converted to proven and probable. Smarts under ground is included in that and could provide 3-4 years of LOM but it will only be feasible with a higher POG and there is capex to go underground.


    At this stage I would say LOM and be extended in the short term another 2 years and maybe a bit longer, problem is if try keep going like this just extending LOM a few years at a time and still maintain a relatively short LOM the SP will struggle.


    What Try needs to do is find a multi million deposit that can put to rest the idea of a relatively short LOM, the potential is there but finding it is abnother matter



 
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