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3.0¢ troy resources limited

2.3g/t breaking even , 3.2g/t making $US 2.5m per month ...

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07/05/19

23:02

Post #: 38456485
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Originally posted by triage ↑

kojak - I think I heard Peter Stern say in his recent presentation that the old Troy management thought they had bought a 4g/t operation at Karouni but it turns out it was a 2g/t operation. At 4g/t Troy would have made a killing even with the size of the plant they built. In other words they thought that the size of the plant would be big enough to run profitably at Karouni. I am fairly sure he also said that the breakeven grade for the plant is about 3.2g/t. If they can blend some higher grade Ohio Creek ore with the lower grade stuff from closer to the mill then they will be raking in the cash and also have a respectable life of mine.

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2.3g/t breaking even , 3.2g/t making $US 2.5m per month ...

TRY Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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