TRY 0.00% 3.0¢ troy resources limited

dying, its a large tonnage thick ore zone suitable for open pit...

  1. 53 Posts.

    dying, its a large tonnage thick ore zone suitable for open pit mining. It also has 92% gold recovery. The acquisition a 160% increase in resources for TRY.

    Reserves are due later in 2013 but should be a substantial portion of the inferred resource due to the nature and thickness and grade of the deposit. hopefully a 200% + increase in reserves for try when this comes through.

    its also likely to have lower cash costs than TRY, AZH will benefit from the funding available from TRY and TRY will benefit from a larger higher grade project.

    so TRY will have 3x reserves with a lower cash cost when it all get going in return for 45% of the expanded group imo.

    looks all good to me hope for a run on Monday!

 
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