TRY 0.00% 3.0¢ troy resources limited

Ann: Mineral Resources and Ore Reserve Statement-TRY.AX, page-8

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  1. 61,579 Posts.
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    Your entitled to your opinion just like every one else

    I note you have a sell sentiment but you are holding, why is that? Why not sell and relive yourself of misery?

    "I note the Behre Dolbear report also highlights that capital infrastructure was never finished." yes they noted the workshop was not adequately equipped with spares, no big deal it's been sorted.

    They also mentioned mining fleet was not adequate, again that has been addressed. TRY had the assessment done and have acted on it, that is prudent management.

    BDA have other wise commented favourably on Troy's Karouni operation noting the remotness of the site and that it is not unusual for problems to arise in the firs year of operation.

    "BDA considers there is a high probability that a sy
    stematic well-funded exploration effort will identify
    additional mineable reserves with good potential to at least double existing reserves."


    If reserves are doubled that equates to a LOM around 10 years, that's a pretty good upside from these early days.

    But hey snot, don't take notice of my optimistic out look
 
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