Trio Resources Inc (TRII)

[DragonBear]

The calcs are fantasy.

Hilarious is to claim the tailings (waste run off from the prior owner operations) at <1 oz are something to be processed.

Only in the microcap world... does a start up company claim to have $3.2M of 40oz material just laying around, and not ship it to a smelter for that revenue in the following two years. Claim to have 16K MTs of 38 oz material just needing a little more grinding, and again 2 yrs later still no revenues. Instead one yr later, the sudden need to get new assays on the material - or something.

The latest try is to claim 5K+ MTs of 27oz material. It also needs no enrichment - ship it. Where's the revenues? PRs in 2014 announcing the shipments? There are none.

Well, the 10K isn't that far off. It will be just like the 10K for last year, little to no revenue, no net profit, and more debt. Cut&Paste discussion about derivatives and debt notes ought to be exciting. Yawn.