Lessons from Troy, page-2

Are you humans for real?

Sometimes HC really sucks.  I know the world is full of leaches ...but 99 views of this thread, and not one of you can scratch your arse or grunt -after I have spent three days going through every quarterly, yearly and broadcast presentation from TRY and found considerable positive information?

You would have to be the most negative bunch of holders I've come across (add spylord will make 100).

When I said "perhaps" there is promise in this as a back-up strategy ...I lied -I was being politically correct.
OF COURSE there is promise in using this available close to surface open-cut ore ...probably from the existing known mineralisation.

We have one intercept of 44m at 4.7 g/t that has NEVER BEEN TOUCHED BY MINING EQUIPMENT.  ...and it's nearly sitting on the surface!   

And if you think we can't find 10,000-20,000 tonnes of 8-10g/t ore around the existing pit at Sertao ...then you are dreaming (probably more like 40,000).  Part of the area that likely has ore ...had the processing plant sitting on it.

Can we please snap out of our complete negativity (do some of us enjoy it )?

• The low recovery can obviously be fixed -been done ten years before ...with more difficult ore
• If we need CIL and an assay lab ...so make it happen.
• It looks like it will take a relatively short time to obtain the permits necessary for small-scale pit mining (a month or two) from Troy experience.  Government are supposed to be onside.

I might have to head over there and get this show on the road myself if no one else can do it.

What do we need to do?

1. Confirm the existence of 12-24 months supply of lower grade surface ore 4-10 g/t (probably from existing targets).
2. Confirm the permitting process.
3. Have professional mining consutants sign off on it.
4. Use this as a basis for the additional expenditure needed to implement the upgrade for the processing plant (CIL, assay lab, additional flotation tanks -whatever is needed).   
5. Get the funding needed (2-3 Mil?) from debt or equity.
6. Wind the mill up to the 200,000 tpa (like Troy did) for the low grade material ...and get into it.
7. Wile we are at it ...source a couple of RAB or air-core drills that can prove-up the close to surface targets inexpensively ....and get drilling -we don't need diamond-core everywhere.

...I'm off HC for a while to chill out for a bit.



Cheers,

SJB All IMHO

PS  There is a plethora of data in Troy's reports showing that unsubstantiated rumours of environmental issues at Sertao minesite are nothing more than that.