Grades are increasing at Casposo the deeper they go and it's open at depth. Well hedged and cutting costs. It was only due to the sad & unfortunate accident last quarter ASIC increased but I'd expect ASIC reduction over this quarter.
Guyana will grow into the flagship I'd expect. Highly prospective. This is a growth story in the making. I'd respectfully disagree with past comments about management & the current market. Management are highly skilled & return value to the companies share holders. In this environment and as a deep value investor I'd prefer capital spent on growing the company. That's where we are in the cycle after gold savage retreat from 2011 highs. I'd suggest all gold mining company management teams are trying to deal with the current environment.
US$630 gold is a very promising beginning.
TRY Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
