Ohio Creek/Tallman open pit are a massive super high grade super pit in the making.
It was dug out as an open pit due to the high grades at surface level
Imagine what may be below and in the 5m-200m depth range, clearly there is high grade at depth and at the shallows on the last drill results.
I cant believe TRY hasnt run back to 17c just on this news alone.
The LOM negativity is now a positive and the question is how many oz are at Ohio Creek/Tallman,
500k or 2M or 5M oz
Clearly there is way more than 500k oz
"Included amongst the assay results [Cathedral Gold 1995] is an intersection of 1 metre @ 868.7g/t Au from 61 metres which Troy understands to be the highest gold grade yet recorded in the region...
A first pass drilling program for 45 RC drill holes for a total of approximately 4,000 metres commenced late in the quarter [Q1]. The drilling is to confirm historic high grade results for the Tallman saprolite workings and to extend these along strike and down dip. The program will also test anomalous gold in historic auger sampling on interpreted structural intersections and mapped quartz veining"
On fundamentals, TRY should be at 35c now based on Mcap to production similar costs equivalent to DRM GUY BLK SLR PRU, analysis posted last few months by me.
Gold price rebound from 1180 to 1220 with AISC at 824 margins at +U$390 peroz
Then there is the Richard Beazley multibagger factor, a star at SFR & SBM, now joined lowly priced TRY.
When these further drill results hit more high grade on the infill areas between TRC 001 TRC 007 TRC 0013 and at the 10-200m open pit depth then it can be confirmed as another 1M+ oz world class high grade deposit much higher grades than Hicks, Smarts, Omai or GUYs grades nearby. As kojak explained its open to the east side and at depth 10m-200m deep looks like 1km long 200m wide
Share price should rocket
kojak calls a Disallowed, why not?
SBM did a 40 bagger on a lot lower grades, larger debt at higher costs in the WA goldfields.
That was on a large find at smaller grades than at Ohio Creek.
If they find another long high grade super pit, then -
