TRY troy resources limited

http://www.nationnews.com/nationnews/news/101208/guyana-pleased-g...

  1. 1,538 Posts.
    lightbulb Created with Sketch. 1134
    http://www.nationnews.com/nationnews/news/101208/guyana-pleased-gold-production

    Guyana officials  are stating Troy exported 48412 ounces this year till end of September.
    If we match that figure to the gold sold amount Troy stated so far for March and June (11675 + 17328 oz.) we get a figure of 19409 ounces sold for the September quarter.

    Preliminary final report states:
    "The Group’s available cash at 30 June 2017 was $8,483,000 (2016: $3,053,000) which, together with Karouni gold inventories at market value, resulted in liquid assets of $9,829,000 (2016: $12,420,000)."

    So A$1.35m in gold inventory likely to have been sold in the September quarter, equates to 841 oz. We have to deduct that from gold sold overall to get to the produced amount.

    So if we can rely on the Guyana government figures Troy could have produced 18568 ounces in the September quarter.

    Remember
    1. December quarter will see less rain
    2. Only September saw meaningful Smarts 3 production, July and August still crappy
    3. Smarts 3 in September was still not cleared up, so no flexibility of where to mine in the pit

    I am still somewhat cautious as in the past the official export figures had been somewhat different from Troy's figures.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.