Talking of new producers.
Troy is 3 months away from starting production from its new mine.
Already has two in production, although one will be depleted at the time of the start up of the new mine.
Will maintain production at 170k pa.
Payback on new mine capex 1.2 years!
I thought RSG was the cheapest producer per production ounce on the ASX, however I think its Troy or soon will be.
Market cap of $100M !
And yes I am long & spruiking, however I don't buy stocks that are fairly valued or anything like it.
Now that the new mine is so close this is very cheap imo & they have some hedging in place to protect the debt. Also quite a reasonable silver exposure with a very good hedge in place for that.
