The volume has been pathetically low for some time
There are really no sellers left down here.
I have called out this accumulating capping INSTO for some time now.
Next volume capture appears to be at 15-17.5c again.
only when this capper decides to buy up and stop his small selldowns with low volume will it move.
Some other INSTOs should call out his game and run over him like they did with SBM RSG RSM.
Another few more drill hole assay results in the middle of the depths 20-120m deep or 100-400m further down the open ended line at the same high grades, then we are really going to see the bullets flying, as the market then has to evaluate how big this deposit really is, 400koz, 1Moz, 2Moz 5Moz?
Kojak said it may be a 600k+ oz world class deposit and a Disallowed
My estimate is its a 2M oz world class deposit and a 3 bagger to start
But I wouldnt be surprised if it ran and broke out of this 2 year range.
With low costs, low expenses, U$400 peroz margins, strong FCF of A$50Mpa, no secured debt by March, friendly bankers, high grade drill results everywhere they look and the mill pumping strongly, whats there not to like?
TRY should be at 35c like DRM or $1 like GUY on MC equivalence.
Then add in this new super pit discovery and you might get to a fair value on my maths.
- Forums
- ASX - By Stock
- TRY
- Breakout Gap Running
Breakout Gap Running, page-92
-
- There are more pages in this discussion • 138 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)