Inevitably gold miners are high risk, up to the individual how they want to play that. I'm not a trader
I'm hoping Kurouni will become another multi million oz mines like most of them on the Guyana shield.
TRY have suffered some big set backs, IMO mostly beyond the control of management. The aim has always been to get the mine up and running, pay off the debt and explore this highly prospective area, unfortunately the problem have prevent TRY from achieving that but we will soon be in a position where debt is paid off and try will have the cash flow to move forward.
OC acquisition was timely, LOM was getting real short and try had not uncovered any other major deposit. OC may not turn out to be the multi million deposit I hope for but it's looking to be quite a decent size, giving try a good LOM extension, time and cash flow to explore further.
One think to keep in mind is the high grades being found at OC, it's quite rare these days to see such high grades. Given the relatively low level of modern exploration in guyana and that artisanal mining has been quite prolific, it's a good place to be
TRY Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held