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G'Day Salt,

Just an update on Troy and Casposo - The mine was mothballed and in March 2016 AGD (Austral ) on the ASX entered into an agreement to acquire 51%and the mine restarted in September 2016 with TRY the manager.On the 6th March 2017 AGD further acquired another 19% giving them 70%. AGD can afire the balance of 30% from December 2018 for 7 Mill if the so choose. A LOM for the project is 4 years.
The big problem with Casposo is the Cash Cost and AISC which in the 1st Qtr of 2018 was CC$ 1427 US$ and AISC of 1903 US . AGD had projected a AISC of $1050- $1150. They are having trouble with dilution it seems.

moureeses