TRY 0.00% 3.0¢ troy resources limited

another stunning Quarterly result, thats 12 months in a row...

  1. 2,060 Posts.
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    another stunning Quarterly result, thats 12 months in a row

    costs slashed (1017-720-895-824) , production stable, grades keep rising (now to 2.8g/t), more stunning drilling results,

    and even more importantly the trading halt caused north wall event was considerably smaller with mining continuing and part of scheduled works with an impact on a small 3koz only out of 19koz pQ!
    thats only 2 weeks of ore yet they have 2 months stockpiled
    ($U$6M FCF or @1214 x 13300 = $15M revenue)
    + another A8.92M revenue (A$2.9M FCF) awaiting sale

    "The slip is on the opposite side of the access ramp meaning that the pit can still be accessed. The slip is considerably smaller than the one that occurred in December 2016. The failed section is part of a planned pit cut back which was scheduled to commence in January 2019 upon completion of the current mining campaign in Smarts 3. Therefore, the slip has no impact on Ore Reserves in the pit, life of mine or costs, but will have an impact on the short and medium term mining with ore containing approximately 3,000 ounces of gold production needing to be rescheduled into 2019. Mining is still continuing without interruption from Hicks 1, Hicks 2 and Smarts 4 pits"

    "the Company had 5,219 ounces at the refinery awaiting sale"
    = 5219 x 390 = U$2.03M/A$2.9M FCF or U$6.34M/A$8.92M revenue

    And look at those strong long Larken drill results well above current grades of 2.8g/t
     5m @ 6.27g/t gold from 20m (LRC038)
     4m @ 6.70g/t gold from 13m (LRC044)
     3m @ 13.63g/t gold from 37m (LRC045)

    What the heck is this doing at 10c!
    Should be at 35c with a DRM market cap.

    TRY will FLY!
 
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