the problem with TRY currently is a certain degree of uncertainty. Investors don't know who will be the next CEO, we don't know if the ANDORINHAS mine will commence production as scheduled and TRY hasn't provided a guidance yet (what they always did the years before). Bottom line is that TRY's gold production in 2007/2008 has a potentially wide range in terms of quantity and quality (costs). We have no resource update for the Sandstone project and still a relatively small reserve/resource base.
Don't get me wrong; I'm invested here but I can understand that TROY - due to the above mentioned uncertainties - has not a similar standing than other ASX Junior Producers and this could affect the valuation for quite awhile but I hope that the exposure to the North American market will change this rapidly.
I hope the company will secure a long-term gold project soon and will give some detailed guidance of gold production + resource updates.
Lenni
TRY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
