Trelawney Mining and Exploration Inc TWNNF

RE: RE: Great TRR Write-up from RBC

[gamblor77]

I just happened to stumble onto the article right under the TRR stock quote on RBC's site while doing some DD. I cannot find it posted anywhere else for some reason but I DO know RBC has taken a significant position in TRR now and with their backing and analyst's recommendations it bodes very well for us.

From reading between the lines it sure sounds like we can expect at LEAST 3.5m oz (inferred) on the 43-101 resource estimate coming out "very soon".
FYI - I was told by IR a few weeks back that they were hoping to have it out before the PDAC but that it was in the hands of 3rd party accountants to verify the numbers and it was out of their hands right now. So the timing of the estimate would completely depend on when they were finished vetting the numbers, all the leg work has been done already.

When I did my very rough calculations I put the deposit anywhere from 3.96 to 5.15 million ounces currently depending on irregularities in the shape of the deposit and grade changes etc.  If/when they have solid results to the south west you can add 500k-1m oz to those figures.

But regardless, for an RBC analyst to essentially confirm those exact figured by saying "at least 4.5m oz" it really made me feel even more confident in this play and reassured me I was on the right track. 

I'm not too sure they can pull off releasing major news and hold investor presentations at the PDAC at the same time since it's quite a lot to do at once but it depends how busy they are right now.

Maybe Mon, Tues, Wed of this week we'll see some drill results or the resource estimate before TRR does their shareholder presentation, that would be amazing for us all.
I can tell you I would expect a halt when they put out their 43-101; and as long as it's in line, or better than expectations that will REALLY stir up the hornet's nest and we'll go much higher IMO.

Here's to more action on Monday like we saw Friday ;)
Cheers,
Gamblor.