Cap raise most recent @ $36 mill AUD for additional units 900,000,000 .04 cents p/u
- killer.
Total outstanding 1.2 mill ordinary + options @ 500,000+.
1.2 mill oz reserves
Mill capacity @ 500kt p/q
@ 75-85 k oz p/a
Grades @ 1g/t open & 10 g/t u/g for a similar AISC/slightly higher, production samish LOM I gather @ 6 years with other projects on the horizon & funding facilities to boot.
Corporate overheads & participating roles surely need the Troy treatment in time - chop chop chop.
Troy board also need to chop chop chop those base salaries to maintain or gather some self preservation of character.
Investec aren't the only source of hemoglobin extraction from the Troy's @457 million ordinary cells.
Base unit TRY - 100,000,000 * .10 = $10mill AUD
How much confidence would existing BLK shareholders have post the cap raise of 900mill
additional units - previous @ 300k.
Love is in the air at BLK no doubt.
TRY Price at posting:
13.5¢ Sentiment: None Disclosure: Held