TRY 0.00% 3.0¢ troy resources limited

These high grade hits at 60m and 110m deep are confirmatory of a...

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    These high grade hits at 60m and 110m deep are confirmatory of a deeper wider super pit type open pit mine as the grades at shallows already justify the current open pit which is already ready for mining with existing declines and layers from the alluvial mining with a lot of work done by the prior elderly owners.

    These super high grades are all well within open pit parameters (Omai is 100-160m deep & 1.7km long)
    2m @ 39.5g/t from 99m
    9m @40.5 g/t from 89m inc 6m @ 60.1 g/t
    1m @ 868.7 g/t from 61m

    Omai & east Block are also acquisition targets for TRY now.
    They likely are sizing up all of the tenements around Tallman and in between it and Karouni mill as acquisition targets also.

    I expect a new deal with Investec for their 13c options, more shares & credit lines will also be in process.

    Also they look to be planning on bringing the high grade ore from Tallman to the mill straight away.
    The german analyst has already called this to be their next mine.

    Looks like 2019 will be a massive year for TRY as they go secured debt free with FCF building at A$50Mpa and boosting resources while starting to mine Tallman/Spearpoint/Larken.

    TRY is the new SFR SBM.
 
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