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speculator101

11,945 Posts.

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28/11/16

14:40

Post #: 20936480
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Originally posted by Justis ↑

There is $1m final payment due by Febuary 2017 for the Brazil plant

$1m payment was made on signing of the deal for casposo, not sure if the other $2m is has paid. Austral has the option of buy another 19% for $1, from what I understand they have untill March 2017 to take up that option.

This from Austral last quarterly report
The Casposo mine, 51% owned by Austral Gold and 49% owned by Troy Resources, was fully recommissioned during the period and commenced full commercial operations. Recommissioned production was 4,457 Au oz and 313,765 Ag oz for the quarter (100% basis).

There is a mention of AISC of $934 at Casposo so seems it's making a profit

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Cheers Justis.
So at least another AUD $1.4m, with another $1.4m possible. Plus any profit from Casposo over the next 3/4 years.

TRY Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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