Share
32,153 Posts.
lightbulb Created with Sketch. 110
clock Created with Sketch.
19/03/19
12:19
Share
Originally posted by kojak78:
↑
Justis, why do we do this? What makes Troy so special is that even if Ohio Creek becomes a 0.5m to 1m ounces deposit there still is enough growth potential. And these grades mean Troy will become one of those rare gold miners having a significant margin and being a cash cow no matter the gold price. The reason why I do not post on many boards is that I am not a goldbug. I like value stocks and opportunities like Kraft Heinz (moderate bargain, just love the news) or Dynam Japan Holdings (p/e 8, 8% dividend yield, significant net cash on the balance sheet). Troy is better than them all, it is a true value stock. There was a recommendation recently where someone compared Troy to Goldsource. They rose more than 100% on drill results. Sprott is putting in $3m at the higher price now. Market cap after everything is said and done $40m. And that is without a plant. If the stars align in a perfect way the bull market in gold prices will wait for a couple of years meaning Troy could become a significant cash cow and at the same time have the opportunity to invest in the gold sector, maybe even become a company like Repadre used to be with a business model more focussed on generating streams and royalties.
Expand
Dare say it will not be long before try is not only free of bank debt as well as having trade debtors well under control but also generating free cash flow and building up a healthy bank balance. Have no regret in participating in the SSP, I'd be buying more if not for the fact I need to hold spare fund for my business