I don't think the share price will react to drill results. Clearly the market has other concerns. I think the latest drill results are indicating that at the NW end of OC there could likely be a 500m section of 22m true width 3.5 g/t mineralization. If it starts just below surface and goes down to 70m that already looks like 200k ounces. Maybe it will not start at surface but 30 or 40m below and maybe it goes down to 140m. Does not matter that much, 150-300k within that section I think. But it needs to be confirmed by infill drilling. Clearly the share price is not reflecting the OC results at all. I think that may change after the bank debt is gone, which would be a very big achievement for management. It mostly depends on production results and Troy may still have kept an ace up their sleeve. And as interests of all parties are aligned in a way that any alternative should not have much downside I think after March we will get a nice uptrend in the share price.
TRY Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
