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7.2¢ troy resources limited

Honestly, if there really are 500k ounces Troy will not do well...

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kojak78

999 Posts.

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24/02/19

07:50

Post #: 37545042
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Originally posted by Justis: ↑

Reserves have been an issue for a while, prior to OC acquisition try where focusing of proving up Larken and Spearpoint but to date they seem to be relatively small deposits.

OC is shaping up to be a decent size deposit and while there maybe the temptation as kojack suggest to do trial mining think try want to get a better understanding of the geology before doing so.

Seems try are going hard at it to get OC happening ASAP, I think it's possible they could be mining there early in the new F/Y and a least before the year end.

There is a lot riding on OC IMO, it needs to be at least around 500k oz. That would provide a healthy LOM extension, time and cash flow to explore and prove up other deposits.

ATM Karouni is one of the smallest mines of the Guyana shield green-stone belt, most others are multi millon oz mines so the is hope

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Honestly, if there really are 500k ounces Troy will not do well but become a 5 to 10 bagger just on OC alone. And on top of that you get the key to everything else. 800m strike at OC, but Goldstar is 2km and more I think with the infill drilling still missing.

TRY Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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