Australia's largest stock trading and investment forum Australia's #1 stock forum

TRY

Click for more information

0.00%

3.0¢ troy resources limited

A second orebody in the pit??, page-2

First 2 Last

Share
Profile

Follow
Jack73

1,273 Posts.

11/02/16

22:20

Post #: 17000072
Share

Originally posted by dr spok ↑

Seems like people didn't really get the last quarterly report.

When they drilled out the reserve, they were in a rush and just wanted to get over the line for financing approval.

This meant the north south trending high grade mineralisation (which is distinct and different from the existing mineralisation in the reserve) was not modelled or even really included at all.

If you look at the schematic of the smarts pitta 60 RL in the quarterly (page 5) you can see there is a huge amount of mineralised material which was excluded from the block model. Whilst this is theoretically just a near surface effect, the different nature of the mineralisation (narrow veins) suggests otherwise.

To me it looks like the existing orebody is very much larger and higher grade than previously defined.

Given the already very low costs, the implications of this are very material. Potentially the true total mineralisation is double that stated and at a much higher grade, so total ozs are some multiple of the existing resource / reserve.

Expand

The market has also completely forgotten the Smarts underground ounces which were removed from the proven reserve pending further drilling definition....

Open at plunge I believe!

TRY Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

RCE

Recce's R327 found effective against E.coli during clinical trial

There are more pages in this discussion • 16 more messages in this thread...

First 2 Last

Add TRY (ASX) to my watchlist

SPONSORED BY