I think you should read TRY past ann's........all the prospects...

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xmanrocks

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09/06/21

10:40

Post #: 53735157
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Originally posted by Rothbard: ↑

Yes timbin4, that is a key role of the board and one of the main things they're paid for.

However, our directors aren't magicians. There are limits to their powers. The world is an uncertain place and the exploration business is a particularly uncertain one.

With a run of ordinary exploration results - from Ohio Creek and Goldstar, and from early drilling at prospects such as Gem Creek and Upper Itaki - they just ran out of ore for the mill. It happens!

Yes, the board could have spent more on exploration. But that would have come at the cost of increased debt and/or more capital raising, and there is no guarantee it would have uncovered more viable gold.

Let's not forget that the board has uncovered Smarts Underground, and there's a lot of gold there and some spectacular intersections. We are yet to know what the economics are, ie. if it's viable at current prices, not least given the degree of regulatory uncertainty.

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I think you should read TRY past ann's........all the prospects that you have mention and more were IMO talked up by the company........so many prospects (gold at the end of the rainbow stuff) that turned out to be not so flash.
TRY have not run out of ore to mine they have just finally admitted they have run out of ore that can be mined for a profit.
Pitty they did not admit this years ago as the results indicate they ran out of sustainable profitable ore years ago.

TRY Price at posting: 4.0¢ Sentiment: Sell Disclosure: Held
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