Justis - yes you are right on both counts. Anyway we'll see next...

First 24 Last

Share
Profile

Follow
triage

2,058 Posts.

230

23/02/19

22:37

Post #: 37544338
Share

Originally posted by Justis: ↑

Mate, that is TRY's modus operandi.

Where as most gold companies go in spent a fortune and great deal of time drilling to prove up a good amount of reserves before committing to building a large scale mine.

Try select a project with enough reserves to justify a smaller operation but with good exploration potential. The build a processing plant utilising second-hand equipment where possible and design it to allow for expansion so at the end of the day, they get a mine running relatively quickly with a low cap-ex. In doing it this way they can fund exploration from cashflow, they did it with other mines and each time LOM was extended well beyond what they started with.

Thing have not quite gone to plan with this one, origianly the development of Karouni was to be funded with cash flow from Casposo, which by the way was paid for, debt free and LOM extended well beyond what they started with. How ever gold price suffered and it all went pear shaped in Argentina.

As for providing the latest drill results at the conferance, I am not sure they could do that. I would have thought that any price sensitive information would need to be released via ASX, if they had the results they could have done that and then included in the presentation at the conference.

Dare say management are as keen to release the latest drill results as we are to seem them

Expand

Justis - yes you are right on both counts. Anyway we'll see next week if they were justified in delaying closing off the spp.

TRY Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

1 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PME

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

There are more pages in this discussion • 60 more messages in this thread...

First 24 Last

Add TRY (ASX) to my watchlist

Justis - yes you are right on both counts. Anyway we'll see next...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals