feasability report, page-7

All I have been told is that the pivotal JORC Reserve and Resource statement will be announced "within" the next couple of months, That presumes other infill drilling results pertinent to the statement will be available before that. These announcements could be day or weeks away - I have no specific information on that.

Railway's final results must be very close though.

But you're right - even good news would probably be wasted at the moment given the abysmal sentiment.

It is times like this when you can pick up some good value - yes I did aquire so more TTR yesterday at 5.9 cents. So I've been accumulating again since the 3 cent days but also paid up to 7.2 cents so I thought 5.9 cents was a good deal.

I don't know how you are reading the scenarios for gold, but A$1500 is certainly looking a real chance over the next few months. So going into the Feasibility and Funding stages we could be seeing some opportune timing. Give it a couple of months for more details on the taxation proposals (I am more confident than ever that this will be very positive for smaller miners) and some confidence will return.

I think some sizeable debt funding with prudent hedging conditions (at very nice pricing)will fall into place. With all that achieved, some additional equity fundy will be a breeze.