Ann: Non-Renounceable Pro-Rata Entitlement Issuer Prospectus, page-32

First 32 Last

Share
Profile

Follow
kojak78

1,538 Posts.

1134

12/08/22

17:01

Post #: 63085426
Share

Originally posted by Justis: ↑

Can only imagine how difficult it is to explore in Guyana let alone find that elephant but as we know, Guyana shield is the final frontier in gold mining and possibility of finding an elephant is worth putting an effort in.

While there has been relatively little modern exploration done in Guyana and most of it has been done at near surface, very little has been done at depth. Smarts underground is showing the potential of what may lie at depth and will serve as a model for future exploration at depth.

Omai are also is showing the potential of gold at depth, Goldsource has the Eagle Mountain project are proving up gold but they are still focused on near surface deposit. Both these companies are purely exploration companies that have a long way to go before becoming producers

TRY are in the unique position of having a production plant in place, all they need is ore to feed the mill and the Smarts underground can provide that ore and while atm that is limited it's a good starting point.

Sadly we lost Ken Neilson, much of try success in the past was thanks to Ken.

Anyway look forward to seeing how good of bad the rights issue turns out, that will paint the picture of what the future holds

Expand

*all* is good. The plant is hungry.

First things first. Even if just using the Smarts u/g reserves at face value ...

89,400 ounces.
"Non-Renounceable Pro-Rata Entitlement Issuer Prospectus", Table 10, p. 51in USD ,000s
Production Operating Costs 17,975
Site and Admin Costs 25,840
Processing Costs 24,876

Translates into roughly, = not inclusive of royalty, USD 768/oz cash costs.

It means 1. the project will be low-cost, payback very soon as it is only 2.5 years overall and 2. when upside is unlocked via much easier drill access in all directions from u/g even ore with 1/3 or 1/2 less grade could be economic.

TRY Price at posting: 3.0¢ Sentiment: None Disclosure: Held
1 Upvote

1 Great analysis

Reply

Top Stories

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program