TRY 0.00% 3.0¢ troy resources limited

Forgot that in my answer to Samboy, Casposo price is relative to...

  1. 1,538 Posts.
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    Forgot that in my answer to Samboy, Casposo price is relative to price of silver, base case $15 I think and only adjusted if above $16. So $15 is the valid price now, we can take everything at face value.


    I think the payment has to be done in January and surely Austral needs to use the option earlier.


    I think they will not take this year's 10% as the last quarterly mentioned a review of Casposo. That means no money for Troy but also no way ever to get the 10% from Troy without a new deal. If timing and finances are right Casposo could fall back to Troy, who knows. But for now don't expect any cash from Casposo.


    Have a great break too, I am certainly not losing any sleep over Troy. The CR results will be interesting and from then hopefully clear sailing.

 
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