Tickle and Kirk- Time to get on the horseDuring my travels and travails, long after I've left the Ursa and Pat pastures, I've come across a jr gold stock that is an absolutely OUTSTANDING value - check out Troy, T.TRY. This is a real, serious company about to start producing 50,000 oz gold per year out of Brazil starting q1/09. Cost of production once it gets rolling will be US$300 oz - past gold production over the previous 5 years from mines that they've run is US$240. Therefore I think US$300 may be quite doable because these guys are NOT full of hot air.
In addition it is waiting for permitting for its iron ore on the same property so the permitting imo should be in the bag. Guidance for iron ore that it will produce the equivalent of another 50,000 oz year gold or bring down the gold cost to nil from US$300 if regarded as a gold by-product. It has a mine in storage in Australia and two others that are ending their life - equipment is 100% owned. They have reduced the DIVIDEND by more than half to A$.03 cents in 08 because this is a year in transition, and on the stock price now yields 4%!! UP UNTIL THIS YEAR THEY HAD AN 8 YEAR RISING DIVIDEND RECORD!! Now it's just 8 straight years w/ my bet that 09 divy gets ramped up again.
They have A$60 million safely in the bank, no debt and no hedging. Looking for deals and opportunities. Heck they made many miilions on a 77% one year return selling 15% of Comaplex to Agnico in mid 2008!! Frig with that kind of smarts and timing what the heck are they going to come up w/ now when great jrs are STARVING for cash???
What with 75m o/s x C$.60 cents it has a market cap of C$45 million. The C$ EQUIVALENT OF THE A$60 MILLION IN THE BANK IS C$50 MILLION SO AT $.60 YOU GET ALL THE ASSETS AND THEN SOME FOR FREE. I'm not selling a single share because I think $2.00 is easy if gold gets back to $1,000. After the CASH FLOW starts and iron ore deal gets signed! Especially if they can ramp it up w/ a great acquisition!!
I've been telling people you can get something for nothing but no one believes me. They need to see newsletter coverage and brokerage cover first. That's fine by me. I told the bunch over at ATW after I sold that I don't care that Moriarity calls ATW HIS FAVORITE GOLD PLAY. I don't give a sh*t that Roulston, Grandich, West and Jay Taylor are falling all over themselves pumping up ATW. TRY beats the cra* out of ATW on EVERY MEASURE except analyst coverage and hype.
Time to get on the TROY horse boys - this thing is NOW at all time lows - I'm not letting you know AFTER its taken off!