IMO now that grade, production, cashflows, AISC, debt reduction are all more or less on track, the upside can only come from long term mine plan. It really doesn't matter if costs drop a further 10% at Smarts if it has only half a year of mine life left. What matters next for TRY is execution of exploration program, new pits, new reserves with good grades, timely management of necessary applications to government, efficient execution of new pit development.
Production, cashflows, AISC, debt reduction can't get that much better, but they have downside risks instead.
I'm hopeful upcoming drilling at Larkens will give TRY a good 2-3 years LOM but I have no idea.
TRY Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
