Ann: Gold Extraction Tests from Bulk Samples Recover Gold Buttons, page-59

Hi @ML173

I'm glad you brought up the case of TRY.

What a success story it was when they had both operations going in Argentina and Brazil.

Back in 2008/09 when I first started taking an interest in investing I had TRY on my watch list. Never actually bought it but boy I wish I had.

TRY went from a low in 2008 of approx 65 cents to a high 4 years later of $4.86. A whopping increase almost 750%

Here is a chart
A good deal of this rise can be attributed to their Brazilian mine "ANDORINHAS".

Andorinhas had a head grade of approximately 7.51g/t at peak production and TRY went to a market cap of $450 million +

My understanding is they ran out of ore and did not have anything overly exciting afterwards which is reflected in their share price decline.

BBX has the potential to make what TRY initially had look insignificant in both head grade and overall resource/tonnage.

Do the math.

I'm aware of the risks, but look at the rewards....why wouldn't you have a go?

In relation to today's director holding update.

Off memory all 3 directors converted options worth $150k each quite recently for 3 million shares each.

He has sold less than $100k worth proving he still has a net increase in both the number of shares currently held and the amount of cash invested regardless of any price increase.
I would be slightly worried if we get updates from all 3 directors, but currently one director selling is not enough to make me wet myself.

I also believe you are wrong on the 2 month blackout period for price sensitive releases? I thought it was much less but happy to be corrected.