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3.0¢ troy resources limited

Ann: Record Gold Production March 2018 Quarter, page-69

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meric

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42

04/05/18

17:43

Post #: 32894638
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Originally posted by eshmun ↑

It's just my estimation based on the available information. When I buy into a bona fide gold producer I'm looking at the next 4-5 years at least. TRY is surviving and has a turnaround of sorts happening but by my reckoning has more chance of running into liquidity problems in the medium to long term than emerging as a cash cow. Once I see all the debt paid, consistent production and visibility on mine reserves going forward I might consider the company.

Just on a guess they will need somewhere between $30 and $60 million to develop an UG mine at minimum. Will there be enough cash flow in the open pits to fund this sort of development?

If not the company is just doing this.Esh

https://giphy.com/embed/3oEduNndq6zu7UresU</a>" width="480" height="480" frameBorder="0" class="giphy-embed" allowFullScreen>
https://giphy.com/gifs/neonmob-duck-poop-pooping-3oEduNndq6zu7UresU">via GIPHY

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Esh I know you like to invest in more mature gold mining companies.

Whether there will be $30M to go underground will depend on the ability of the company to execute in a competent manner developing it's next 1-3 open pits.

If it does a BLK and do stripping / mining in the wrong order, then the answer would be no.

TRY Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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