TRO 0.00% 6.1¢ triausmin limited

TRO has excellent potential for the MC. I am quite happy with...

  1. 3,497 Posts.
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    TRO has excellent potential for the MC. I am quite happy with what has been pointed out by various enthusiastic punters to date. Of course nothing is as easy as what we would like to believe. TRO management is clearly very mindful that their facts need to be dead right before committing to big dollars plant and development - look at the BDG debacle for a very good example of the severe financial consequences to shareholders by management not doing your homework extremely thoroughly.

    And, show me a higher grade resource anywhere - 16.9% Zn eq is $A665/ton rock which makes most uranium miners look pretty sick (you need .257%/2,570ppm to equate), and u/g gold miners need 25g/ton to equate in terms of rock value.

    I am just disappointed that the PFS was so lacking in detail that would give confidence to the more serious fundamental investors. Looking at the MPS report, the sp is fully supported by the PFS proposed production rate, and as for mine life, well that will no doubt be extended beyond the intital 8 years on an ongoing basis once mining commences. Plenty of exploration upside surrounding.
 
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