RCMAN, there so many variables in that whilst the gold price in US Dollars may reach say $1400 the AUS$ might also rise and the end result will be that the miners will receive less per ounce than is currently the case. eg US 1400 AU$ .77c = $ 1818; US 1500 AU$ .80 =$1875. As you can see it may not necessarily be any great windfall for any of the miners. You also have to consider the local currency as well which is capable of both rising and falling especially with such a small economy. In my view when comparing Troy with other miners the company is undervalued and has the chance to put some real runs on the board if they can line up all the "DUCKS " and start producing good gold numbers and use the cash to pay off their debts and eventually post a revaluation of their mining assets. Eg. if the company was valued at around $80 million the share price would be around 15c. two years time if that all doubled then you are looking at 30c BUT everything has to be in your favour and a bl***dy lot can go wrong like pit problems, lower grades, rain, rain, rain. Just got to take your chances man. GLTU.
TRY Price at posting:
10.8¢ Sentiment: Hold Disclosure: Held
