TRY 0.00% 3.0¢ troy resources limited

The Highest Grade Gold Mine in the World, page-55

  1. 9,783 Posts.
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    Zijin recently this year outbid Silvercorp & GranColombia via a AUD$333M takeover of GUY.TSX
    It has one mine Aurora nearby in Guyana with a large open pit with head grade of 1.2-1.7% at annual production of 80,000-100,000oz

    https://www.mining.com/bidding-war-for-guyana-goldfields-heats-up/

    https://www.guygold.com/Operations/Aurora-Gold-Mine/default.aspx

    "Takeover target Guyana Goldfields (TSX:GUY) said it has received a proposal from a “foreign-based multinational miner” valuing the company at C$323 million ($240m), which is 35% higher than Silvercorp Metals’ offer. The Canadian firm was first approached by Silvercorp (TSX, NYSE: SVM) in April, which put forward a C$105 million (C$75m) cash and stock deal. The transaction would create a diversified precious metals producer with two silver mines in China and a gold operation in Guyana. A couple of weeks later, the company received a separate, rival bid from Gran Colombia Gold (TSX: GCM), which prompted Silvercorp to sweeten its offer"

    On this basis, TRY has half the production, the same or higher grades, with 4 working mines, at less than a third of the MC of the final bid.

    I suspect these 3 bidders & Eduardo of AGD (former major holder) would be eyewatering over this TRY discovery and the 1MTpa processing plant plus the 1Moz resource TRY has plus massive tenement area.

    GUY.TSX did a 4 bagger run in 2 months as did AGD.

    Zijin AGD SVM Ramcap must be mouthwatering right now,
    Eduardo ripping his hair out after selling TRY out cheap t 12-16c but got a great Casposo deal from TRY and still 4 bagged AGD.

    These 4 are obvious candidates for a TRY accumulation or tilt.
 
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