Originally posted by Samboy69
market not interested, like it didnt exist.
low volume as usual and no larger buyers or sellers eve,
Last results went up 30% in 1 hour, now no move at all.
Market is ignoring & undervaluing TRY as usual. Very shortsighted.
It cant see past 1 year LOM at existing FCF of A$50Mpa.
Its a 500koz - 1Moz deposit at very high grades but market cant see it at all
its lost in the jungle!
Rambo may have to light up some bullets and flares
As usual you are posting gibberish imo. Today's announcement is far less impressive than the one from 7 November, with mainly narrow intersections (compared to a couple of intersections reported in the 7 November announcement) and low to high grades (rather than high to bonanza grades in the 7 November announcement). Nothing in today's announcement supports your claim that this is a 1m oz deposit. Nothing in today's announcement suggests that Ohio Ck has the makings of a superpit (unless you call every open pit operation a superpit).
I suspect if Troy management had their druthers they would have held back these results and bundled them up with the assay results of the other 20 holes that are with the lab. But having promised a steady flow of Ohio Ck announcements and given the unreasonable delays by the lab they are using they likely decided to go with what they had to hand. The results are not bad, but they suggest an Eagle-like estimate of 125k oz at 10g/t rather than a kojak-like estimate of 500k oz at 18g/t.
Clearly Troy management is all gung-ho about Ohio Ck so that is a positive development but at this stage it looks to be an incremental improvement, not a company maker.
