thorburn, apologies but this has to be a short response - work beckons....
Gold is in IO drilling - but the JV didnt test for Au content because they were drilling for Fe. Now TRF is re-assaying them for other minerals.
TRF could drill more, but why bother when, as you say, there is a high grade concentrated ore pile sitting there from the JV. I suspect they will sample that and generate a resource from the stockpile. Then the question is how to process that. At that point TRF will be cashed up from JV free-carry revenue and will be in a good position to proceed with gold production.
toodles
TRF Price at posting:
50.0¢ Sentiment: ST Buy Disclosure: Held
