Galaxy has put out its quarterly report today and their shares are down a fair bit today but I think it is good for Traka. Here is one statement that was said in the article:
"All the necessary permits required to mine east of Floater Road were received during the first week of October and mining has now commenced in this area. The ore to be mined from east of Floater Road is expected to be higher grade fresh ore that will improve recoveries. "
I am pretty sure this is the area that Traka has 20% of without having to spend money. I don't think Traka was mentioned in this article by Galaxy but it often does that. Traka has gone up well today so I hope I am right about this.
Cheers GPASAS
GXY Summary of planned works, page-8
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