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TROY Resources has ridden the back of the strong gold price to post a record $16 million profit after tax which, after a fully franked dividend of 7c per share, gives the company more than $50 million in liquid assets to hunt for a new project.

Michael Vaughan
Top result for Troy

The net profit result is more than double last year’s figure of $7.7 million, a reflection of the average margin on $447 per ounce Troy achieved for its 110,263oz of production in fiscal 2005-06. Cash...

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