Breakout Gap Running, page-23

Justis, that would be true but not a worse view of Troy as the market seems to have now. Come on, considering the next A$300m in earnings are tax-free for Troy and current operations have enough LOM left to make the company completely debt-free and still generate a chunk of cash for shareholders. Azimuth was valued at A$120m and Troy invested another A$100m for the plant. The valuation makes no sense at all. Troy geologists must have a very good understanding of the area now given that they hit insane grades with the very first drill hole.