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Guyana Super Pit Discovery, page-180

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Justis

61,436 Posts.

727

04/12/18

20:16

Post #: 36749948
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Originally posted by kojak78: ↑

No way they get 6 years LOM out of that one. Even if they find a 500k oz deposit it will be only 2.5 quarters, 0.5 years LOM. Due to having less trucking capacity now, the distance to the plant, the problem with the road, the "forces" split between Tallman and Hicks and maybe Smarts again, it will take maybe 2-3 years. But the deposit is really small, maybe 4-5m tonnes with waste. Back in 2016 Troy moved 2m tonnes within a single quarter. Not that having low LOM is a bad thing. Maybe too far ahead, but I would be very happy if Troy had a p/e of 6 on the Tallman earnings.

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Am I missing some thing, at a production rate of 80k per annum would it not take just over 6 years to produce the 500k oz we hope is there?

TRY Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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