Ego, testosterone and vanity are certainly knocking the price around....so I hope the elephants in the room resolve this quickly.
As fate would have it, I had sold half prior to this unexpected and unwanted side show of "dirty linen" airing.
JJ..in the absence of any commentary...the audience are judging your hem to be showing...so come on, its time to level the canon and let's get this silly sideshow out of the way.
But dammit...whichever way you look at it...and I have again this morning for two hours...this is the best goldie running around. It beats my other favourite on all counts except sovereign risk...but I figure they're pretty civilised in Sth America compared to the Africans.
Though...previously I used to consider TRY's management better...but that honour must now surely go to SLR.
The two guide posts I look for are TCO and Mkt cap/estimated current years production ounces.
TCO for TRY is $693 v $895 for SLR
And at $2 which was my average buy back position I'm paying just $1,243 per ounce against 09/10's expected gold production of 125koz. Everything else after that is free carried so to (loosely) speak...but remember TRY has 500k in reserves and a further 1.5moz in resources
The comparison for SLR is $2,086 per ounce against 09/10's expected production of 70koz and with resources of 1.5moz.
So, I'm locked and loaded again..and wanting the jumbo's to slug it out and then get on with it...quickly!!!
TRY Price at posting:
$1.96 Sentiment: Buy Disclosure: Held
