TRY 1.41% 7.2¢ troy resources limited

Ann: Half Year Accounts to 31 December 2018, page-34

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  1. 999 Posts.
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    Hope the gold price stays as high as possible until mid year, from then on it will be less important and for 2020 we all should hope the gold price is lower than today as Troy's Smarts and especially OC will be some of the very few mines with significant operating margins. Lower gold price = miners with high margins get good acquisition opportunities.
    If everything goes according to plan Troy could have enough cash end of 2020 or early 2021 to buy a second project besides Karouni.
 
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