Certainly helps, not as if try could or are in a position to do anything with that iron ore deposit
Barrick are effectively doing green field exploration so will be some time before we see any thing of significance there.
Will be good to see the Smarts underground developed and ore from it being processed and IMO much more reserves to be proven up in the Smarts underground.
I am sort of hoping Barrick partner up or take over with the rest of TRY, as it is TRY has limited capacity to fund the exploration needed to delineate the type of deposit Barrick are looking for. Smarts underground may be one but try's mondo operandi of funding exploration from cash flow is a major constraint. I would not be surprised if Barrick are already considering that.
Time is ticking on and we are yet to know when we will have a AGM and the prospectus so I'm sort of thinking we can expect another extension to the voluntary suspension and hopefully the last one
TRY Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
