TRY 0.00% 3.0¢ troy resources limited

Guyana Super Pit Discovery, page-191

  1. 4,330 Posts.
    lightbulb Created with Sketch. 2622
    Justis - my understanding now is that kojak is doing his best case figures on the assumption that the grade of the ore body is about 18g/t. If so then the company would only need to process about 800k tonnes of ore to produce the guessed at 500k oz of gold. Given that the plant can handle about 80k tonnes of ore a month then if they only processed ore from Ohio Creek and the grade was about 18 g/t then it would only take them 10 months to process it all ie is a bit over 3/4 of a year. That is why he is postulating that Ohio Creek by itself could result in Troy's share price going up in multiples: 500k oz produced at very little cost in less than a year. That of course is the best case scenario but even lesser blue-sky scenarios still mean that should Ohio Creek prove up at all it in itself will have a significant impact on the company's fortunes and share price. Warning: these are wildly optimistic speculations based on a single set of assay results

    .





 
watchlist Created with Sketch. Add TRY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.