There are some very good results which provide encouragement that there is at least a small economic high to very high grade deposit there, but at this stage its uncertain when they would be able to mine it to help clear TRY's debts.
TRY's exploration effort is constrained by a lack of funds. I can see them using this find to do a CR claiming they need the money to fast track this area, but probably use the bulk of the funds raised to at least help clear part of the Investec debt. I have no issue with such a move.
We could see a small run in the share price, but it will not be my hoped for 60-100%, and may not be sustained.
GLA.
loki (I am not a geo or work in the mining sector - and am just guessing, like most punters here.)
There are some very good results which provide encouragement...
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