TRY (ASX) Guyana Super Pit Discovery

Originally posted by Samboy69: ↑

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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868 grams for 1 met turns into 5 grams for 175 met. That alone is not bad EH. I have been averaging down on TRY for a long time. Probably a bad thing to have done. Should have sold out at $1.2 and sat back and been buying last 6 or eight months. I now have a fairly large holding showing a big paper loss. I have recently thought of buying more as it seems to me that barring a major problem TRY is looking fairly good. A much safer bet than say 18 months back. Here's hoping all us long termers finally see pay day.