TRY 0.00% 3.0¢ troy resources limited

I am sure Justis is going to be upset by these comments - but...

  1. 40 Posts.
    lightbulb Created with Sketch. 5
    I am sure Justis is going to be upset by these comments - but here goes:

    2015 Karouni reserves 2,618,000 t at 3.84 g/t for 323,400 oz
    2016 Karouni reserves 2,874,620 t at 3.52 g/t for 325,207 oz

    What this means mgmt mined mined 476,817 t at 3.20 g/t i.e. 48,999 oz
    and mgmt discovered 657,830 t at 2.12 g/t for 44,921 oz

    So the A team nearly replaced mined ounces with ounces of 33% lower grade. I guess they aren't in control of this either?

    I note the Behre Dolbear report also highlights that capital infrastructure was never finished. Your reference the other day of coming in on budget - not really - just have finished the job. They will need another capital raising soon to do that.

    Starting an u/g scoping study now. Doesn't sound like a high priority.

    These jokers must go! Only IMO Justis.
 
watchlist Created with Sketch. Add TRY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.