TRY 0.00% 3.0¢ troy resources limited

Troyus,Don't panic about the POG. You own Troy, not the metal...

  1. 3,666 Posts.
    Troyus,

    Don't panic about the POG. You own Troy, not the metal itself.

    Gold is still A$1,239 at the time of writing... This is a VERY high price, and is not at all reflected in Troy's sp atm.

    Remember not that long ago when Troy was at $3.99 and the POG was much lower?

    Since then, Troy has developed a new unhedged gold mine, bought another superb near-term mine, and has more cash in the bank.

    The beauty of all of TRY's projects is that they are economic at much, much lower prices. They are not one of these miners who are "highly leveraged" to the gold price, meaning they are barely economic and will become much more profitable only if prices rise.

    Troy will be making very good money even if gold is at A$800oz.

    So don't worry about the short term gold price. You have bought a great company who is hugely underpriced.

    Now we wait.

    Y

 
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