I agree trombone, that's what is worrying the market, however Troy have a very good exploration track record, and I am pretty confident they will be able to extend the mine life at Casposo.
Also, Troy are sitting on a crap load of cash, and have zero debt so they will be able to buy another project soon, and almost all gold miners are trading at very low levels so they should be able to get themselves a bargain!
Remember, Troy only purchased Casposo in May 2009, it's pretty amazing what they have achieved there since then.
No reason they can't do it again and again.
TRY Price at posting:
$3.75 Sentiment: Buy Disclosure: Held