Maybe the big ore body is deeper. But harder to find? Likely below Ohio Creek open-pit ore. Apparently at the AGM my rough estimate of open-pit mineable ore at nearly half a million ounces was confirmed.Well, it seems many investors still do not understand what that means. At these grades that half a million ounce deposit is economically as much worth as the average multi-million ounce deposit. Cash costs will be something like $100-200 and with the road, royalty etc. AISC will be below $500. A company maker. If exploration results confirm this Troy will be a ten-bagger.
The deeper deposit that is likely to be located right below that is a different story. If you read my previous posts I wrote potential to be a ten-bagger and then again.
The market is just sleepwalking and not recognizing the potential. I have experienced that once before nearly 20 years ago. When I did research on a lot of junior mining/exploration companies and decided against one, because it looked too good to be true. The name was Goldcorp. I won't make a similar mistake a second time.
Ohio Creek near-surface ore is high grade and has a mining permit. Mining that will not exhaust Troy's growth potential at all. The larger deposit will lay below that. Why should it be different? There is a large deposit below Smarts and a large one below Hicks. The big difference is that the grade at Smarts is 3 g/t making an underground mine marginal or slightly profitable. A possible underground mine below Hicks may happen one day when the gold price is way higher (2 g/t). The grades at Ohio Creek mean there is no question if there will be an underground mine (but be careful because there is no drilling at depth yet, so I am only speculating).
All we have to do is wait for the next set of drill results.
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