why try?, page-8

I have to pick you up on one point...

Exploration is happening and is being self-funded NOW. And Troy is NOT burning cash, EVEN WHILST IT RAMPS UP.

So even when the capital costs are larger, and the ore grade and tonnage lower, TRY IS STILL CASH FLOW NEUTRAL.

(As was pointed out in a previous post, TRY's cash position remained STEADY quarter-to-quarter INCLUSIVE of these exploration activities, AND inclusive of start-up costs).

THERE IS NO CASH BURN NOW, AND WILL NOT BE AS START-UP COSTS DROP AND GRADE AND TONNAGE IMPROVES.


Exploration taking place NOW (from Sept. QTR Report)

- IRON ORE. Drilling and resource evaluation of the iron ore resource. You, and the market, may CHOOSE not assign it any value. I have no idea why... It WILL be mined, and will generate real profits, with minimal capital outlay.

- GOLD. Regional Exploration at Horizonte Minerals Tangara JV and Talon RioMaria JV... Drilling.

- GOLD. Sandstone

- GOLD AND COAL. Mongolia


Unless you can show some reason why the planned 5 year 50,000ozpa plan will have cash costs substantially ABOVE the planned US$300oz, (and there has been no reason to suggest otherwise - in fact, the gold margin has been going UP) then TRY's cash position will increase dramatically, inclusive of exploration expenditure. The rest will be banked, returned to shareholders, and invested in other value adding projects.


The value is self-evident, compelling, and presents a unique buying opportunity, when companies like TRY sell at below their cash position, and WAY below their NTA, whilst producing gold at record prices.


The gap between VALUE and PRICE has rarely ever been so stark.