why try?, page-6

cash balance ...... all very good but not really relevant if you burn through that cash quickly.
Thats why BEING PROFITABLE AT CURRENT PRICES is so important.

I believe that TRY ticks all these boxes or will very soon with the ramp up.....

BUT The only problem as I see it is that the life of the new mine in Brazil is only 5 years. THEREFORE for TRY to still exist in 5 years it needs to explore and find new gold assets (I am like the market, assigning no value to the iron ore assets here). So a certain amount of exploration expenditure is assumed by the market, which means burning cash at CURRENT PROFITABILITY.

I think once Andorinhas starts producing the cash flows projected , and those cash flows can be directed towards exploration without reducing the all important cash balance, then the market will re-rate