place your bets, page-19

Putting this run up into some perspective. This Mt Peake project has been approx 6 years in the making. Forgetting the other key assets of TNG (Mt Hardy Copper project is just one), TNG is now trading at around 3.6% of the Pre Feasibilty Net Present Value of the Mt Peake project. That is...not 36%....just 3.6% !!

Still ridiculously cheap, when our MD has stated two days ago that within 4 to six weeks he hopes to have a solid deal from either Posco (world's third largest steel producer) or some other large Company. In fact, he alludes to their certainly being more than one interested party in this project. Not a done deal, but by crikey, it is sounding extremely plausible.

If we were trading at say 30 or 40% of that NPV at this stage of the game, then I would be the first to be putting up some of my stock...but not at a measly 3.6%.

Good times ahead. Good luck to the traders who have cashed in, and done well over the past few weeks in % terms. I have another one for you to make a bundle on in the not too distant future...LOL!!