Ann: Quarterly Cashflow Report , page-4

"Vale has invited the Company to discuss the "Option Agreement" and future exploration programmes."

That is the sentence that stands out I think. Of course it is open to interpretation, but my first take on it is that Vale are putting out feelers to buy TN.

It kinda says lets put this thing on the table and get real. (Brazilian Real's that is)

So maybe I was wrong and some early cash might be in the mail.?? I hope so. The beers are certainly on Vale at this stage.

Would be keen to hear other takes on this casual comment by TP.