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http://www.argonaut.com/news/latest-research/1753-troy-resources-try-best-in-class.html

Latest Research
Troy Resources (TRY) - Best In Class
Created on Thursday, 04 September 2014 09:25

The recent share price deterioration accentuates Argonaut’s conviction Buy Recommendation on Troy Resources (TRY). With the appointment of Martin Purvis (ex-Gold Fields / Sakari) as Managing Director and CEO, Argonaut sees the stock re-rate heading into H2 CY14 given the high margin operation at Casposo, rapid advancement of Karouni and an undemanding market cap of $156m. Further catalysts include the definition of an underground inventory at Karouni and regional exploration results (ongoing) from Karouni and Casposo. Adding in a 2 year operation at Smarts underground to the current 3 year open pit operation resulted in a valuation increase to $1.50 (was $1.30).