Friday, February 20, 2009

Troy Resources (TRY.to): Still extremely undervalued

With Troy Resources (TRY.to) (TRY.ax) currently sitting at $1.13, the writer of this missive is 35% in profit on the position first recommended late December and taken in January (after waiting for my price to appear).

Click to enlarge

However this doesn't mean that, compared to other gold plays, the value is now gone from a new position in TRY.to. Far from it, as the people who bought a copy of the NOBS report (see that subtle pump? Click that link for the details) will know that at U$1,000/oz gold the NOBS 12 month target for TRY.to is way higher than today's price. In fact, even $900/oz is more than a double from here.

Several people have asked me for a good gold play as they've watched Au climb. I can see no better out there right now. The $1.13 of today is a tremendous bargain and as the volume bars show on that chart above, the company is still thankfully flying under most radars.

Want a gold miner? Buy Troy Resources. DYODD, dude.

Disclosure: Yes, I own. Can't you read?