Ann: TIG Project F Bankable Feasibility Study Completed, page-16

The upside for TIG is that their projected costs are lower than just about anyone else in the world, including BHP. Of course, they remain 'projected' until some funding can be arranged. Everything else is just conversation until that money is found - and until it is, understandably no one wants to buy a single share (as indicated by the present market depth.)

Two 'fall back' positions that have always seemed to exist are:

- The Russian partners, and local government. How realistic is it to expect their support?

- If funding is not available, just sell the asset for what it is worth - believed to be much more than the current market cap?

Any thoughts?