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01/08/14
10:50
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Originally posted by speculator101
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ML173, perhaps the soon to be replacement would prefer to start his tenure once all the bad news is priced in. Must admit that is what I would do. Never hurts to be able to be the one to reign thing in, balance the books and return the production figures etc.
TRY is getting fairly cheap even with the risks it has. Casposo does have a short mine life, BUT that is what the drilling is for, which has so far, proven to extend the mines life again and again.
The new project, while not as exciting as first touted, still has an excellent IRR. Not TRY fault that AZH were semi incompetent with their modelling for the reserves. I am surprised that so many do not believe TRY is not capable of providing more feed to the plant. I guess its easy to let negativity pile of top of negativity.
The current quarter will be the low point so I do understand that it will probably not move higher until TRY prove that Casposo is back on trend. The Dec quarter will be interesting as that is when the high grade will be back. IMHO, A producer aiming for approx 110k+ equivalent in FY15 with costs well under $1000 at the current MC is cheap.
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Spec101,
The current SP weakness is reflecting the sovereignty risk of the Argentina assets and the weakness of the gold and silver prices. Gold is on the down trend atm, and it might test US$1,250 over the next few weeks, and put some pressure on the SP. G'luck