You are referring to cash position.Financial position as used in...

You are referring to cash position.

Financial position as used in balance sheet will improve for sure as Troy finally has reserves and has to revalue mining assets.

But we also know the reserves have to weak spots: top cut likely too low and cut-off very high, close to average grade while in-house a much lower figure made sense. Also still some data not used in the model.

I think Troy is working behind the scenes and updating the reserve figure, a significant increase from the US$47m in economic value.
We also have a triple digit million figure in carried losses.
And Brent Cook once remarked about Karouni a plant could not be built below $120m if I remember correctly.

If Troy is talking to someone who can make use of all three assets I think it would make sense to update the pre-feasibility study with all of the remaining geotechnical holes.

https://hotcopper.com.au/posts/55905870/single