According to the 1/9 TRII PR: "Trio currently h
Post# of 43
According to the 1/9 TRII PR:
"Trio currently holds 4,000 tons of silver-containing ore concentrate, which is crushed and ready for processing. In addition, Trio has additional above-ground reserves of 16,000 tons and 32,000 tons of ore that has been crushed but not processed. This material has been assayed to contain high concentrations of both silver and cobalt. As a result, Trio will be able to generate a steady stream of cash flows while it further develops its drilling and exploration program."
Based on the above and info from the Trio Resources website, I'm calculating 40oz of silver per ton of ore for the first 4,000 tons, the second 16,000 tons has 38oz of silver per ton while the third amount of 32,000 tons has 10oz of silver per ton for a total of roughly 1,088,000 ounces of silver which at the current market rate of $30/oz. would bring in around $32,000,000 minus expenses ($20/ton).... WOW! And there is also cobalt which is not calculated in this figure. This is among the current ore inventory which just needs to be processed now.
Based on the above, I believe Trio Resources could see at least a four-fold return from this first batch (52,000 tons of ore) on the eight million dollars needed.
There's an additional 200,000 tons of silver-cobalt-containing ore. Also, there's ore on the property that involves attaining 240 ounces of silver per ton, which would be phenomenal ... they continue exploring.
All of this sounds promising and I'm looking forward to getting more information and some shares!
Best to all with TRII!