TRY where at their peak before they acquired AZH, Casposo was...

TRY where at their peak before they acquired AZH, Casposo was paid off, producing 26k oz au per quarter, low costs and generating good cash flow . Still had the mine in Brazil producing 8k oz au per quarter and making good profits.

To that point try had paid dividends for 13 consecutive years and had over $40m cash and equivalents on hand it all looked good when try acquired AZH and looked like Karouni development could be paid for with cash flow at the time.

Alas, what could go wrong did go wrong and it is only more recent we find out how precarious a position TRY was in.

Anyway the mine/production issues got sorted out so thing where on an up but LOM was an emerging issue, acquiring OC was quite timely as while some smaller deposits had been proven up they where not going to impact LOM all that much.

OC is shaping up well, think now it's a matter of seeing a resource estimate maybe just maybe it could become a 1m oz au deposit