RE:RE:RE:What's Up?I think TRO is a cheap way to get exposure to silver, which is why I rushed to complete my purchase as I had insufficient silver miner holdings. Their main deposit has 42% silver and 18% gold for a total of 60% by metal value in PMs.
I saw a late 2017 presentation showing that the silver equiv. resources had increased from 14 million oz in 2013 to around 40 million by 2017. Now in 2021 we might reasonably project that this would have increased to somewhere in the 50-60 million oz ag equiv. range. This is all unofficial internal estimations until a new 43-101 comes out.
In addition it looks to be profitable at current metal prices and the capex to go into production looks to be quite modest for a small mine. If they find a small very high grade starter deposit they could possibly pay off the capex in one year or less.
I added some more today. But I am going to avoid buying anymore as who knows how long it will take for TRO to be discovered.