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7.2¢ troy resources limited

Indeed OC could become a multi million oz deposit, if not 0.5...

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Justis

32,153 Posts.

110

04/03/19

19:03

Post #: 37648728
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Originally posted by kojak78: ↑

There still is a chance for OC to be a multi-million oz deposit and that is at depth. For the time being it seems they will have something like 0.5m ounces in 4 open pits and a starter pit for trial mining.
The starter pit is important if the SPP falls short and development is slow, it looks they can bridge a gap of 3-6 months of no ore from Smarts/Hicks in 2020 if the need arises.
Given the variability of grades I think there really is a very high chance at least one of the four pits will be economic in a worst case scenario. That means we can pretty much take the enabler function of OC for the Smarts underground and Goldstar + Gem Creek exploration for granted. That may be the mort important function of OC in the long-term.
And OC itself, looks like a 0.5m ounces deposit at very healthy margins. While still a lot of work is to do this latest update gives a pretty clear picture of the nature of the deposit.

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Indeed OC could become a multi million oz deposit, if not 0.5 mill deposit will be a big help.

Try only acquired OC about 6 months ago, there had only been limited drilling but the result so far have been pretty good.

Find the market reaction a bit strange, not sure if being a public holiday here in the west has anything to do with it

TRY Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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