Ann: Scoping Study confirms viability of Phillips, page-10

re: Ann: Scoping Study confirms viability of ... I'm also disappointed in not being able to attend today's AGM. It will be interesting to see if sentiment improves after the meeting. It is market sentiment we have to overcome, and that will require a considerable lift in the fundamentals off TTR - which we hope the current drilling programs will provide.
Like yourself, no doubt, I have accumulated a fair whack of TTR for the longer term. But I have to admit my confidence was recently shaken by a mining professional familiar with the project, who still doubts it will ever happen on the grounds that everything is too marginal. That is something we hope to overcome with the exploration program, dont we?
But if nothing startling happens, uncertainty will remain.
I think the biggest cause of uncertainty is that all planning is for so far down the track.OK, the reason for that is that they want to get it right.
But psychologically, one could draw a comparison with the history of POL, where for years glowing reports of drilling results, reserve enhancements, access to infrastructure,etc were fed to us holders, but every year the startup date was put back at least another eighteen months........until eventually the POL board auctioned themselves and our assets off to the highest bidder because they couldnt deal with it all.
So personally, if TTR startup looks like being put back, and put back, I'm going to defect, lol.
Fingers crossed.....

GZ