TTR 0.00% 40.0¢ tectonic resources nl

quarterly update

  1. 2,483 Posts.
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    Quarterly Report due out before end of month will show very encouraging progress at Phillips River with ther first lot of drilling completed and the second phase of BFS drilling program underway. Won't see any selling at 6 cents after this comping Activities Report!!!!

    Expect by September this year we will have the go ahead for the project. There will be no shortage of backers for the project but I guess the big proviso is that precious and base metal prices remain buoyant. Timing is critical with a strong gold and silver price critical to a solid margin in the early years of mining.

    Market Capitalisation today base on sales at 6 cents (NTA 10cents)is well under $20 million - laughable if it wasn't such a sad reflection on the state of the market for junior miners.

    Holders will be rewarded if you are prepared to be patient with Tectonic. Its a bit like the Hare and the Tortoise.

 
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