Production is on guidance and stockpiles still at 2 months with...

Production is on guidance and stockpiles still at 2 months with pits being expanded & new production from 4 sites on stream in coming months/Qs, note this from the preso:-

"Smarts 3 is the subject of assessment and further work to define designs for a cut-back
• All current mining is focused on Hicks 1 and Hicks 2 including the extension of Hicks 2
• Spearpoint and Larkin are subject to approvals and scheduled to come into production during 2019
• The processing plant is operating at design with no major issues except normal wear and tear.
• Planning is under way for road access to Ohio Creek area early in the new year.
• Current ROM stockpiles ~ 200,000 t @ 1.42 g/t"

Ken stated he had hoped to have further drill assay results released for the AGM but there was a delay with the assay lab as the drill samples were lodged with them already.

They would have done an XRF on these samples and visible gold is obvious just not the grade % until assayed at the lab. Ken also said that there was 1000 samples and 35 drill holes with the assay lab so that means there are another 11 drill hole assays awaiting assaying/assessment of grades etc.

Ken also said he wanted assay results every 2 weeks and more drill hole samples were incoming as the drill team is at Tallam/Ohio Creek now drilling away. He also said more results in December mid to late from continued drilling and assaying. They are doing infill drilling & testing the 10-200m range there and drilling ius quite easy but its the assaying thats expensive & time consuming he said

1000 samples is  quite a lot and another 11 drill assays incoming soon.
There is going to be a lot of drill news over the next 6 months and it will be all around not just at Tallman as spearpoint/larken will be producing in 2019 he said.

Seems to me that they are targeting the infill from TRC001-TRC013 and those shallow high grade areas plus some deep runs to the 150m open pit depth.

No change to guidance or any news as to the north wall so Q2 looks to be on target with similar costs with stockpiles still strong.

This means FCF should continue at A$50Mpa ie U$7.5MpQ or A$10MpQ with secured debt paid off by 30 March and the cashflow bullet with no secured debt building to A$30M by August and to A$50M by December with LOM extended out further due to these stunning high grade drill results everywhere they look.

Market ignores as usual with low volume but, lots of news in December January looks like so,
TRY will be GREAT AGAIN!