I'm thinking if the games continue much longer, I may have to...

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Jo007

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07/11/18

19:10

Post #: 36423417
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Originally posted by kojak78 ↑

Originally posted by Justis
I would say they will considerate on defining a reserve and getting a preliminary mine plan so they can start mining it. As in is now the Tallman pit has been given no consideration to what sort of ore body exists.

Not sure the market would think much of try if they get in and start digging ore just to produce some extra ounces, not that it would not help TRY. What the market wants to see is the size of the ore body and how much LOM that will provide. I think the market wants to see what the indicated reverses are as more drilling gets done, the next 20 or so drill holes will go some way to that

Justis, that would be true but not a worse view of Troy as the market seems to have now. Come on, considering the next A$300m in earnings are tax-free for Troy and current operations have enough LOM left to make the company completely debt-free and still generate a chunk of cash for shareholders. Azimuth was valued at A$120m and Troy invested another A$100m for the plant. The valuation makes no sense at all. Troy geologists must have a very good understanding of the area now given that they hit insane grades with the very first drill hole.

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I'm thinking if the games continue much longer, I may have to add to my holding. At 11.5c, market cap at just over $53M. Seems a little low-ball to me!!

TRY Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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