Can't give you any exact timings for reporting of results but there will be some over the next month or so. The most significant result from all of the series of drilling reports will be the issue of a JORC compliant resource and reserve within the next couple of months.
With the price of gold now touching A$1400 some shrewed flat forward hedging would yield a handsom premium over that stated in the scoping study so why is the share price where it is? Purely the fear factor now over the possible Super Profits Tax.
Now the preverbial is about to hit the fan. Good sources tell me three bank funding deals for projects have just been pulled off the table pending some clarity over the new Tax. Rio will probably have some stern announcements shortly regarding delaying projects or redirecting funds overseas. They are probably more likely to do this than BHP because they are sitting on more funds ready to go at the moment.
The government is probably pig headed enough to call Rio's bluff. I feel Rudd will see more mileage in giving concessions to the smaller Aussie miners (like Tectonic). After all this would be excellent PR and given the relatively small amounts of profits that the small end of town makes, the loss of any extra tax input to the coffers is miniscule.
So TTR investors/supporters you really need to show some courage now and show some belief. At the current levels I will be looking for some spare cash (again).
TTR Price at posting:
6.1¢ Sentiment: LT Buy Disclosure: Held
