MCR had a mine life of 2 years for 15 years.
Every time they got low they kept finding more all around, just like TRY
TRY has current profitable margins 1214-824 = +U$390 per oz and a long history of production and dividend payments in a well known gold mining area.
there are many miners with 2 year LOM and keep going for decades as they are in a abundant nearology mineral area and this guyana shield area is well known for its large Omais and Eldorados.
Naburi hills is not far from Omai itself. Tallman & Karouuni & Goldstar are potential Omais
TRY has U$2.2M net cash over secured debt as at 30 Sept with another U$5M at refinery just sold
By 31 March 2019 secured debt reduces to $0
The cashflow is increasing weekly from the current A$14.6M as at 30 Sept
Investec can convert its options into shares over 13c which boosts cash by A$5M
Casposo $1.5M due by December.
Free cashflow (FCF) is building strongly at a rate of A$55Mpa (maths posted earlier) from A$15M to A$40M by July to A$60M by Dec 2019.
With GUY valued at $440M and DRM at $140M 3-10 times more than TRY, then,
TRY is the cheapest goldie on the ASX.
TRY has an annual cashflow bullet that exceeds its market cap.
They will use the cashflow to drill a lot more, upgrade the mill/mines and re-introduce dividends.
The sleeping market will realise,
TRY will FLY.
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