Fair point that AIMS would have seen something that they liked/...

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19/05/21

10:00

Post #: 53268638
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Originally posted by kojak78: ↑

Last time Troy had nearly 10m in cash + bullion, will see some outflow due to lower production and sales but also lower costs to lower strip ratio, then the plant will produce weeks after mining has stopped, so Troy still has a buffer of liquidity.

$3000/m, so $2.4m for the decline + loaders + at least a jumbo. That looks doable except for the costs for staying in the jungle. If the gold price were to rise to $2000 Goldstar will see longer production, Note the ounces are there just not as reserves, probably due to trucking costs in wet season.

And the gold loan already extended to 2023, trade debt not coming due in reality.

The decision is to wait for the resource figure or not. If you wait there won't liekly be any chance to either get out or in before it drops or goes way higher. 4.5 g/t 450k implies three times current market cap annual net earnings for many many years.

And think about it: gold loan extended. That only happens when they presented something to AIMS and apparently they liked it.

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Fair point that AIMS would have seen something that they liked/ willing to accept the adjusted terms.

TRY used to have the pipeline of potential deposits and stages of exploration and definition in their presentations. It would be good to see that kind of scorecard in consecutive reports with updates at this stage.

TRY Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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