time to go back to geography classes cautiouspunter. it is in...

time to go back to geography classes cautiouspunter. it is in the same continent for a start.

The synergy is as one open pit closes down a new much larger long life deposit will be ready to start. At a low initial start up rate of 0.7-1.0 mtpa they can presumable use some of the same equipment and staff from the closing operations.

TRYs resources will increase by 160% and probably 200% increase in reserves after these are reported later in 2013 with much larger exploration potential.

AZH gets funded to complete the DFS and expertise from a highly successful project developer in south america. Hopefully there will be no further dilution.


so in 2 years TRY will have 55% of a company > 3 x as large with much higher growth potential. --> Major win.

for AZH they can be fully funded to development get a 45% share of 2 operating mines and avoid the dilution required for the DFS and development costs. They also can work with a proven team in the continent. --> major win

both companies will benefit from being a multi-mine company well into the future