this time will be different!, page-27

In my experience, actual operating mines, and particularly when all the capital is paid off seem to have an amazing abilitiy to extend mine life. There are a couple of gold mines around that have only had a one year mine life for the past 10 years. Keep drilling boys.


A lot of these other potential IO producers with much higher share price/market cap would love to have an operating profit like TTY should enjoy over the next few years. Thanks to Mr Rudd, raising capital for new mines just got a whole lot more difficult.