Guyana Super Pit Discovery, page-184

The three hits they had in the shearzone from west to east: ca. 10 g/t, 16m (TRC-001), 40.5 g/t, 9m (TRC-013) and within the pit ca. 3 g/t average over the 10m true width (TRC-007/8) . A simple interpolation over true widths would give you an average of 21.5 g/t for the hundred m between drill holes 1 and 13, and 16.5 g/t for the 100m between drill holes 13 and 7/8. So an overall average of 18 g/t. This is based on very very weak data because the TRC-013 drill results are the main cause for the high average grade.

However, we also have the Cathedral sampling program (113 g/t over the full 110m pit length and true width of 1.5 m, is that equivalent to 16.95 g/t if we go from 1.5m width to 10m width of shear zone?), the Cathedral Gold drill hole (868 g/t over 1m, again at 10m true width average of ca. 71 g/t). Then the fact that the pit has employed 20 miners for more than 20 years, just take a look at the pictures, grades must have been really high. And then you have something like the Nine Mile pit (also on Troy tenements, quite far to the west) where historic production has been 70k oz at 18 g/t. Grade really is the key question here, we really need new data. It almost looks too good to be true.

Yet even in a worst case scenario I think it is very likely that Troy has found a deposit that has at least twice the grade of Smarts. In case it would more than double reserves and enable Troy to get back nearly 30m in deferred tax assets onto the balance sheet and fund Smarts underground, so still a multibagger.