Hi Resource boom.We've had this discussion here before with some...

Hi Resource boom.

We've had this discussion here before with some very good input from SP,
Yaqona and Pomhat.

Considering the $US90 per ounce figure was arrived at when silver was US$14
per ounce and it is now $19plus, we may already be well past the point where
earnings from Casposo go straight to the bottom line. If that is the case
earnings from Casposo alone (well,you can do the math). 60,000oz x current
price. Better still, according to TRY's latest presentation, in Year 2 output is
tipped to go to 98,000oz equivalent.

Meanwhile, in Brazil, they expect to produce 50,000oz at cash cost of $US500.
Very fat margin there at current prices. Sandstone is just the icing on the cake.
No wonder I love this company. Plenty of blue sky there too-only you don't
need to pay for it.