Hi All, MOO! Casposo is unlikely to be profitable, TRY have sloughed it off as a potential loss maker, nothing has changed, it's a dead duck! Justis , I don't understand what you are saying regarding the mineralised intersections? TRY's mineralisation occur in steeply dipping shear zones .The RC drill holes , which of necessity, are inclined sub vertical obviously intersect the steeply dipping shears zones at a low angle, effectively the drill is cutting parallel with and along the mineralisation The drill intersects can't mirror every flexure but the resource can,however, be estimated if you have sufficient data. Of course drill hole locations (which we don't have ) are critical. Exploration is not cheap but RC drilling ,in spite of the problems of down hole contamination by possible saprolite caving , is considered the most cost effective exploration tool although expensive diamond drilling is utilised in resource estimates. BDR , the Brazilian resource that resembles TRY in many respects (but is much larger) has also had a pretty chequered history of ups and downs. they had a complete change of management which seems to have resolved their problems. Short of a catastrophic collapse in the gold price BDR should survive. let us hope TRY also gets lucky. Best of luck to all.
TRY Price at posting:
13.8¢ Sentiment: None Disclosure: Held
