The key once again for TRY is grade and metallurgy.
AZH have a:
"Shallow, high grade resource suitable for an open pit mine" with "Simple metallurgy, straight forward processing route."
In addition, there is "Approximately 8,700km2 of ground covering 240km strike (Guiana Shield)" with "Less than 1% of land position explored to date."
From today's presentation.
When the market again likes precious metals stocks and starts giving decent valuations for quality gold in the ground and for emerging projects then this will all become massive pluses for TRY.
We could have a soaring gold and silver price by the end of 2014 with this new mine due to come on stream in the following financial year.
TRY could then well be soaring in share price as one of the market's darlings. Folks who sold out on this news and took a 16% or so haircut might look back and wonder why they let emotions get the better of them.
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The key once again for TRY is grade and metallurgy.AZH have...
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