the 3 current pits at smarts & hicks has no current problem as to flooding. The wall issues were fixed in 2016/17, Rain season is once annually and the water is tank stored and reused for mining operations etc.
TRY just stated that production was still strong despite rainy season for Q4.
This means flooding was not an issue this season and the stockpiles were used so may well see gold sales well above production of 19500 say even at 21500 as they had U$5.8M of bullion value on hand at end of Q3 so thats 4,400 oz unsold.
Likely these were sold in April on spot prices around U$1345 like they did so well in Q3 with AVRP way above expectations at U$1328 way better than the majors like NCM RRL SLR PRU sold theirs for at ~U1290.
Plus these are shallow open pits with high grade spur mines all around such as smarts 2 deeps. Underground resources are plentiful and a target for new mines nearby the mill.
The prospect remains, TRY can merge and extend these 4 deposits into one big mother lode super pit in future like Kalgoorlie and this would boost production revenues and jobs in the region.
TRY is sitting on a golden elephant super pit. The drill results are proving this more and more.
TRY Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
