With Casposo Mine now generating substantial cash for Troy Resources it can't be too long before it sets its eyes on Elementos and its neighbouring Manantiales property.
Troy is earning interests in other properties around its Mine (Casta?o Nuevo and Don Davis), it needs ore to feed its processing plant in 2014 & 2015. The Manantiales property is an obvious candidate as it also hosts the continuation of the Julieta vein and has interesting exploration results to show.
I would expect a move could happen during the December quarter when Troy would be in a better cash position with little debt and having paid yet another dividend to its shareholders.
This can only be good for ELT shareholders, anyway it doesn't make any sense to build 2 processing plants so close to one another.
Alejandro
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DYOR, this is not investment advice
STO, BDR, TRY, PEM, HCH, ELT
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.73M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 181988 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 3000 | 1 |
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| Last trade - 16.21pm 12/09/2025 (20 minute delay) ? |
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