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Always buy value. If management decide to bail from Triumph...

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  1. 2,308 Posts.
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    Always buy value. If management decide to bail from Triumph (they have already bailed from their earlier decision to chase the multi-pit shallow gold operation) then you have to question whether a largely unexplored prospect in 8-mile is worth $10 million? Which is the market cap of the company.

    They have held the Triumph tenement for most of this decade. They explored for a bit then whent chasing an old copper mine in North America then came back to Triumph, tried some shallow drilling, then some deep drilling, then some soil sampling and 'found' several prospects, shallow drilled them, then deep drilled them, then decided to abandoned the shallw gold after over 200 shallow drills. 6 months ago they starting chasing a 'new' deep prospect but until now there has been no news.

    All in all a scattergun approach. If the gold isn't there then it isn't there, no matter how much soil sampling and drilling and new geological 'interpretations' they do. And no matter how many times you are told that these types of deposits have bags full of gold.
 
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