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Gold/Mining/Energy : Troymin Resources (A.TYR)

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To: Thomas Boychuk who wrote (454)8/12/1998 10:33:00 PM
From: Famularo  Read Replies (2) of 555
 
Troymin has a big challenge ahead of itself. Debeers needs to start drilling on the high priority targets this summer. If successful, Troymin/Debeers has the opportunity to temporary take the ADP spotlight. Why temporary? Diamond exploration runs in cycles and stock price eventually adjust itself based on the project phase. Troymin needs to accomplish the following before it is fundamentally worth more than Ashton.

1. Find Pipes.
2. Confirm they are diamondifirous with equal to or better micro/macro counts then Ashton.
3. Proceed to MINI BULK sampling 40T.
4. Successful carats/100t on the 40T. (still questionable on what numbers are required. Too early and premature counts).
5. Announce to proceed to 500T samping . BULK SAMPLING.
6. Rumors of good size distribution and Gem Quality.

If the above steps are achieved within a reasonable time frame of 12-24 months, Troymin will have wild trading swings ranging from current price to $8-10 dollars. Remember that profits will be taken and the stock will come down in between phases. How low? depending on how patient investors are. If we like it or not, Troymin exploration progress will be compared to Ashton. Look at Ashton, $1.15 with over 25 pipes, K5, K6, K91 are all impressive and will be retested. K11 initial count is REAL IMpressive. K14 is being bulk sampled and results will be ready by Oct and stock is still cheap. Tough market out there. Ashton is still my number one pick for aggressive investors in ADP, Troymin has moved to number two.

regards
Frank
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