Usually gold miners will drill the crap out of a area to get big reserves and LOM before committing to mining and building a mill. In doing so they justify a big cap ex
try does it different the commit to a mine with initial reserves enough to pay off cap-ex and build a mill with low cap-ex, but always where there see good exploration potential. Unfortunate issue has caused try to focus on debt reduction and not much had gone into exploration.
OC is a good target to get things going, I pretty convinced that it's a decent deposit so while we will get an initial reserves statment soon, it may be a while more before we know the extent of the reserves there.
And it may be a while before some serious drilling starts at Upper Tiki and Gem Creek, and there are many other targets.
But exploration cost money, IMO that is where OC is so important. If it's a decent deposit and soon debt free TRY will be making more than enough to do the exploration.
Things can go wrong, mining company are risky investment.
TRY Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
