TRY (ASX) Guyana Super Pit Discovery

Originally posted by Samboy69 ↑

The last few drill results have established that TRY has uncovered what looks to be the start of a large open super pit shallow beltline that combines & matches smarts & hicks all right next to each other and in line with each other!

This beltline extends for 4-7 kilometers in length with 500m-1km width if you look at the map connecting Smarts to Spearpoint to Hicks to Larken . Its obvious on the map.

We know smarts 2 deeps has further high grade underground as does the current smarts 3 open pit.

Im calling it,
this is the discovery of a Guyana Super Pit very similar to how the Kalgoorlie superpit looks!
And the mill was built right on top of it in the middle bottom area of it.
The Guyana Shield historic gold precicnt has 110M oz so far and many of these deposits are large 6M+ resources.
The Karouni area has 1Moz resources and the LOM is 1-2 years but with this size of resource converted to reserves, may well indicate this area is way way larger than 1Moz resources and the mines have been proving the resources are actual mineable reserves.

On this modelling they can build a very long open shallow pit with high grade underground spur mines all along it & then turn it into a massive super pit to 600m depth or more like the Kalgoorlie super pit along a very long beltline corridor. The deeper and longer SouthEast they go it seems the higher the grades.

Plus the mines are in the low wage low cost GUY$ currency in the very stable English West Indies. Costs can be very low for a very long time compared to miners in oz at much higher costs/wages.

They appear to have resolved both of the 2 main legacy issues overhanging TRY for 3 years, the debt to build it & the low mine life/low grades. The resolution of these issues should mean that TRY should be rerated above the market cap value of comparable gold stocks like DRM RSG SLR
so
TRY WILL FLY!

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One can only hope samboy!

What I can say is that TRY is on the radar of at least one large Insto. I'm not sure if this entity will buy in, however the numbers are definitely being crunched.

Sorry to be ambiguous however when one has a source, one must not do that individual a disservice and plaster their details all over the internet.

What I can disclose is that I might pick up some more shortly. Just waiting on the quarterly report of another junior aussie Goldie next week and hopefully il be able to shed a few there and grab a few more here.

I am curious although. Guyana seems like a politically stable location, compared to its neighbor next door. Would this stability endure if there was to be an unexpected global systemic shock.

Forgive my ignorance however I'm no expert in such things.