If ever there was a perfect storm of a buying opportunity, it is...

If ever there was a perfect storm of a buying opportunity, it is now.

Gold at A$1,100 oz.

BELOW ITS CASH POSITION. WAY BELOW ITS NTA.

Mill in storage in NSW.

Near-term iron ore production. Capital costs of US$5m

5 year mine life at 50,000ozpa, at estimated cash costs of US$300oz, unhedged, with capital items paid for, and current cash flow.

Stockpile of 280,000t at 3g/t, to be processed whilst underground development ramps up.

A management history of successful gold mine development, with cash costs at the low end of the spectrum.

The MD buying $34k worth of shares ON THE MARKET at $2.69 less than 6 months ago. That is, 3 TIMES THE CURRENT PRICE OF THE SHARE.


Buyers of Troy will look back and wonder HOW ON EARTH DID I BUY A TRY SHARE FOR 87 CENTS?

These really are exciting times for the fundamental investor.