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  • Trio Resources, Inc. (TRII) First Run Of Material In $30M Off-Take Agreement Looks Good 6 comments
    Apr 9, 2013 5:48 PM

    Trio Resources today reported on their recent shipment of mineralized material to United Commodity AG's (UC) state-of-the-art Yukon Refinery in Cobalt, Ontario.

    The shipment is part of a recently inked five-year off-take agreement with UC (Apr 2) targeting some $30M of mineralized material in five years (roughly 20k tons) and serves as a strong indicator of both the quality of feed concentrate (334 tons minimum per month as per the agreement) and UC's advanced recovery methods. In this game grade is king, but grade is nothing without the ability to harvest every ounce of valuable minerals from the material and that is where the expertise of UC comes in.

    CEO of TRII, Duncan Reid, called it the start of a beautiful friendship and noted that the company now has in hand a lucrative closed loop production circuit, with the ability to "mine, mill, refine, and now produce bullion bars." Reid underscored how today's report signifies that this combined force is essentially able to compete alongside the senior mining companies now, emphasizing that the key thing which differentiates TRII from other juniors is their ability to produce their own continuous revenues from existing above-ground assets.

    Right now the junior sector is a bloodbath ripe for M&A in many respects; much has been invested and immeasurable mineral wealth has been explored but a majority of juniors don't have the funding to get to production. Even though we are on the verge of a potential discoveries boom in the sector due to all the exploration that has been done, juniors are going nuts trying to secure scarce funding and that is where TRII has them beat, with a nice fat stack of various material to process (estimated 1.3M tons of mineralized material), ranging from some 1.25M tons of tailings and muck pond to another 52k tons of crushed and trench material, 4k tons of which is straight concentrate.

    This shipment is the first of many to UC's facility, which has been praised for its exceptionally sustainable ecological profile and which is able to refine material, as well as pour ingots with its bullion furnace. This is part of UC's strategy to target the small and medium mining company market in the region where operators lack the logistical capacity to provide their own refining infrastructure. This first shipment readily demonstrates the viability of the company's funding vector and thus confidence is running high as we cut into the meat of the operating season.

    For more information on Trio Resources, visit TrioResources.com

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Comments (6)
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  • DJknows
    , contributor
    Comments (19) | Send Message
     
    Trio Resources is a small company now mining with the big boys because silver, cobalt and other metals are going to market. Based on experience, I can say CEO Duncan Reid is a hard-working, committed and astute businessman. United Commodity is reportedly one of two or three such companies with a state-of-the-art, eco-friendly refinery, making for a quicker and more cost-effective operation. What a silvery journey this is!
    12 Apr 2013, 04:18 AM Reply Like
  • johnsbox
    , contributor
    Comments (5) | Send Message
     
    What a cash cow,A mother load of silver concentrate sitting for 30 years when silver was $2.00 an oz. CEO Mr. Reid has got a winner. Half a million a month trucked off to the Refinery to make silver bars. That's a wise buy that should give a good s/h return. Just like his other company low to no overhead.
    23 Apr 2013, 10:55 PM Reply Like
  • DJknows
    , contributor
    Comments (19) | Send Message
     
    Just beginning refining and going to market, Trio Resources has a third party evaluation of $124M for what's already above ground. TRII went public in January and is extremely undervalued; should be trading at least five times where it is. Great company fundamentals with a prudent, strategic CEO in Mr. Duncan Reid: "Combining the right blend of experienced mining and technological management, Trio is positioned to move in front of the established mining companies who hold many similar assets in a closure maintenance status." Industry analysts maintain silver, which is much more affordable for the average retail investor, will do exceedingly well and may outperform gold.
    24 Apr 2013, 09:29 AM Reply Like
  • DJknows
    , contributor
    Comments (19) | Send Message
     
    TRII - Tri Resources is a junior silver mining company that's going to start playing with the big boys soon and it's only been a public company five months with a new mill to become operational in August. Out with Q today: http://bit.ly/11Eplnr and the full Q: http://bit.ly/11G3vzW
    16 May 2013, 12:47 AM Reply Like
  • DJknows
    , contributor
    Comments (19) | Send Message
     
    Construction's already begun on a new 24/7 automated mill to be operational by August.. and here are highlights of what's happening with Trio Resources:

     

    Already have 1.3M tons of above ground mineralized material.
    Expect to be cash flow positive while continuing exploration.
    In agreement with United Commodity AG for refining and expect to earn up to $500k per month.
    Great infrastructure at Duncan-Kerr property including fresh water.
    Estimate gross profits in this first year of $7.8M (net: $4.8M)with potential yield as much as $2M per month gross.
    Looking to acquire 900 acres of adjacent property with mineralized material.
    Seeking to raise $2.5M for growth.
    Experienced leadership in Mr. Duncan Reid.

     

    http://bit.ly/12rjPQ5
    21 May 2013, 04:15 PM Reply Like
  • johnsbox
    , contributor
    Comments (5) | Send Message
     
    Just keeps getting better all the time.
    25 May 2013, 02:53 AM Reply Like
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