TRY 0.00% 3.0¢ troy resources limited

Guyana Super Pit Discovery, page-4

  1. 2,060 Posts.
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    Nothing has changed much in Guyana for 300 years. Its still an english speaking stable West Indies state.

    https://en.wikipedia.org/wiki/Guyana

    Despite colonialism, world wars, the cold war, communist & CIA revolutions & civil wars next door, GFC, Guyana has due to its small size plus english colonial history stayed very stable. Most neighbours dont really go there as its not their lingo and only the english speaking Hindu Indians have really flooded in over the last 100 years.

    Any upheavals globally would boost the gold price but Guyana would carry on just like the last 300 years.
    A gold boom has been seen there in the past and if another ones comes it would boost government revenues, exports and employment hence why the government is supporting TRY.

    More importantly, if TRYs super pit discovery becomes a reality and this becomes a large gold mining hub with a lot more infrastructure and mines, this will for TRY mean more investment into building, mill expansion and drilling from free cashflows and a massive rerate higher as this is unexpected by the market.
    Last edited by Samboy69: 12/07/18
 
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