Yep, to be expected, considering $397 of that $1390 is due to the cost of the Smarts 3 pit cutback. Current production is basically paying for this cutback which will start paying off around October.
A full, transparent, and well explained quarterly.
My impression is that the team are handling operations very well considering the circumstances. Once the cutback is complete, and OC comes on stream, TRY should be making excellent returns.
That is assuming, of course, that there are no unexpected events - which can sometimes occur in that environment.
TRY Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
