Troy was already planning to do geotechnical and hydrology...

Troy was already planning to do geotechnical and hydrology studies since September in order to prepare for the u/g. http://www.troyres.com.au/images/pr...urces_Precious_Metals_Summit_Presentation.pdf, p23

Studies had been projected to take 2 to 3 months.

Due to the slippages Troy is advancing those studies and maybe adjusting them so that not the full 2-3 month will be needed. If they started in mid December they could be finished end of February.

So I hope we will get an update on the removal of the slippages (the lesser problem) and the progress of the studies, the major problem. Because the underlying problem will only be fixed when it is made sure new slippages will not occur.

Financial effects should be mitigated because of the A$8.5m they are likely to get from Austral just after the studies will have been finished. Costs of the studies will be written off against u/g if that is feasible.

With cash flow from Casposo, finished studies, Karouni hopefully back on track, less debt repayments for the remainder of 2017 and the beginn of a new reserve estimation hopefully expanding the LOM for years, the March to May timeframe will open a new chapter.