Australia's largest stock trading and investment forum Australia's #1 stock forum

TRY

0.00%

3.0¢ troy resources limited

Breakout Gap Running, page-27

First 27 Last

Share
Profile

Follow
CashedUpBogun

8,253 Posts.

881

07/11/18

19:22

Post #: 36423561
Share

Originally posted by Samboy69 ↑

SBM went ballistic with a 5 bagger on lower grade lower number drills & more deeper drill results
SIR went ballistic with a Disallowed 5c to 50c in a few months on 3 drill holes (only 1 of which hit long medium grade).
RSG & SLR both went ballistic with multibagger runs after they hit grades lower than these

No doubt this is the start of the rerate.
TRY has a $100M processing plant, spent another $120M on the AZM takeover of their tenements and now the Ohio Creek tenements. The market is valuing TRY at 50% of the mill construction cost and nothing for the resources of 1Moz or the Ohio Creek resources (maybe another 1-2Moz),

TRY PER is at 1.0
FCF is A$55Mpa higher than the whole MCap.
It has net cash/bullion over secured debt of U$2.2M as at 30 Sept
It has low debt and massive high grade tenements all around
DRM is at 35c equivalence & GUY nextdoor at $1.10 equivalence.

TRY IS the most undervalued gold producer on the ASX, by far.
Only a matter of time for the market & these accumulating INSTOs to rerate this to market prices.
Todays false start pattern was a typical shorters dream chart so these INSTOs are keeping a lid on it until this seller runs out of bullets.

TRY is making cashflow bullets from the current A$14.6M to A$60M by Dec 2019 on current operations with no added ore or grades (My maths posted before).

The SBM run is starting up, it has way higher grades, lower costs and way less debt than when SBM was 10c,
These results are just the tip of the iceberg below.
TRY is the new SBM.

Expand

SBM's assets are located in the goldfields of WA, Guyana is a sandpit/jungle.

This is not even close to a reasonable nor realistic comparison.

TRY Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: ASX200 to rise for Friday session | July 26

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Nine staff strike as Paris Olympic coverage begins

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity