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ChristopherC

5,325 Posts.

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29/08/19

23:01

Post #: 40230823
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Originally posted by 10times10 ↑

yes, with silver now around 6yr highs in A$ and near 3-4 yr highs in US$ . . but spare a thought for the poor Argentine Peso - fallen from the ~ 0.12 US$ around 5 yrs ago to ~ 0.02 US$ now.
While Argentinian silver / gold prices must have now rocketed in terms of their Peso - but back then TRY had to move on, with gold (and silver) prices heading down over several years running, with POG eventually falling to below US$1100 . .
But looking forward, at some point if Austral (?) brought Casposo out of mothballs - TRY still have 30% to 'deal' with (and free carry I think) . .

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It could become a money earner with higher prices, but Austral also need to keep costs in check if they do start mining again, and may be willing to accumulate a bigger share to our advantage imo.

Christopher

TRY Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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