TRY 0.00% 3.0¢ troy resources limited

So whether its Ohio Creek or Goldstar, Its "material" and is a...

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    So whether its Ohio Creek or Goldstar, Its "material" and is a "result" from "exploration drilling".
    So this does not sound like its from Karouni, Smarts or Hicks
    Larken & spearpoint has no assays left apparently so rule them out also.

    They were drilling for certain at Ohio Creek and targeting nextdoor Goldstar (maybe drilling already).

    But its this foreshadowing reference in the Q1 report as to Tallman's Cathedral Gold drilling in 1995 that seems consistent with this announcement:-
    "Included amongst the assay results is an intersection of 1 metre @ 868.7g/t Au from 61 metres which Troy understands to be the highest gold grade yet recorded in the region"

    If they have intersected more super high grade of say 3.5%-7% at Tallman in the existing open pit shallow area with declines and works already previously started by alluvial miners then the nearby location, low transport cost and high grade make it a source of high grade feed that may double the production on the same ore throughput and thereby double the margins and halve the costs.

    Costs could be slashed from U$824poz lower toward $500
    Production could be boosted from 70kozpa to 140kozpa
    ore throughput the same
    Margins/FCF of currently A$55Mpa could increase to A$100Mpa
    PER would go from current 1.0 to 0.5

    If its probably Tallman with super high grades, this will change the mine plan going forward and increase LOM  from 2 years to 5-10 years. Tallman shallows at over 3.5% would be the best for TRY as its already a workable open pit 10km north of the mill.

    goodbye 10c, see you soon 30c then,

    maybe @kojak78 knows, as he has been missing today?
 
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