quarterly, page-4

Whilst I am utterly disappointed with Terramins failure to deliver, I sense the new CEO will be giving us a 'warts and all' updates from here. I think the previous management
- was all puff and hope. Just go back and read the market updates, news articles etc.

TZN is struggling I feel. The market is probably right.

Adelaide advertiser business section led with a negative heading on the '19.5mill loss' today. On a more positive side, there was an article in the Australian, about potential zinc deficit in time.

My hope is the silence we have experienced over the past few months, is the new CEO'style of rolling up the sleeves. I think this year will make or break TZN. good luck to all.