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3.0¢ troy resources limited

I agree. Im only sitting on the side due to geopolitics, nothing...

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MrOctane

650 Posts.

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30/10/20

08:56

Post #: 48512912
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Originally posted by kojak78: ↑

What we want to see with SDD190 is good and long intersections. The n/s veins are typically grading 5-20 g/t, sometimes up to 100 g/t. So I am expecting more in line with the earlier drill holes.

The only thing that counts is the reserve figure. High grades will be capped due to mandatory application of a top-cut during resource calculation. Long intersections are key, hitting gold far from earlier hits etc., that is what will way more increase the ounces.

According to my calculations a hit like that at SDD189 translates into a best estimate of having a 670k oz deposit already with a top-cut applied.

In today's prices that is 1.8 bn vs a market cap of 90 m. I think Troy will have a higher margin than 5%...

Buying here for a multi-bagger is a no-brainer. Upside starter is the 30000m drill campaign at Gold Star. If Troy is successful there (i.e. multi-million oz deposit) the stock price will go to a new ATH.

Don't expect the quarter to be good and maybe have some more operational disappointments in store. But what do I know and what does that matter? Certainly no time for nitpicking about short-term issues.

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I agree. Im only sitting on the side due to geopolitics, nothing else.

TRY Price at posting: 12.0¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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