RBS has issued a report this morning called "the 100+ ounce club" ... based on a number of criteria including potential for 1) takeover 2) production increases to 200K oz/ann 3) cash costs 4) mine life, they came up with 5 top picks of which TRY is one:
"- 3rd cheapest cash costs in our gold universe - $496/oz vs Avg $775/oz - Becomes a 100koz pa producer in FY12. - Casposo project now performing - cheap production cost of $232/oz - Huge exploration upside in South America - At an inflection point in growth - low cost, high margin mining. FY12 will be the turnaround year for TRY."
TRY Price at posting:
$4.60 Sentiment: Buy Disclosure: Held