Yes I see it as good news too, the CR failed to raise enough funds which is much needed so rescheduling the loan is going to help.
It does highlight how tight things are for TRY but good progress is being made, hate to say it but if we have a major problem with the mill of a pit wall fail will be a major setback.
Lets not forget that with no hedging, try will also benefit from the higher POG
"there is no mention of the starter pit at Ohio Creek" Actually there was "A more intensive program of short drill holes is also planned towards the end of April or early June over the known surface expression of the prospect which has been outlined to date by trenching."
That is the spot they mentioned could be a starter pit, I would say that program of intensive short drill holes is to get a resource estimate of a starter pit and initial pit design. So suggests my logic
I am expecting a less than favourable quarterly as far as production goes, hopeful improves next quarter with ore from smarts 3
TRY Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
