Replies to post #2189 on Trio Resources Inc (TRII)

[DragonBear]

Seems more like opinions if you cannot post

In the microcap penny world testimonials seem as good as facts. Especially when the "facts" issued by the CEO are like this:

The revenue estimates for the shipment are based on the recovery rates of silver (97%-99%), nickel (95%-97%), and cobalt (95%-97%)

Silver 97-99% of what per ton? 1 oz/ton? 100 oz/ton? How many ounces of nickel, cobalt? Ave market price? Margin cost for TRII? Was this the super duper 40 (or is it 4) oz/ton material, or stuff from the Muck Pile? Then again Duncan being the best CEO this side of Pluto (and Mickey Mouse) can just keep his investors in the dark with the mushrooms growing in the mythical mine.

And to ensure he has more room for future mushroom cultivation he has created a subsidiary. That's where you bury the details such as: How much is Duncan selling his concentrator equipment for to TRII? Com'on Duncan at least give us a clue like a make and model number? Where he didn't sell it as part of the deal when he received $600K for his private Canamet company worth only $100K. Couldn't even throw in all the equipment as part of the deal Duncan? Instead one will have a catch all line item being reported (maybe) from the private subsidiary. Now I wonder how much TRII is paying for this equipment? This could be some more fun.