Ann: MD presentation, Resource Rising Stars Confe, page-14

re: Ann: MD presentation, Resource Rising Sta... I'm pretty sure he said that they were looking at ways of reducing costs so as to concentrate on Mt P. I thought he said something like (in order of priority perhaps) a JV, farm-in and sale. The programme that we all got Coolamine says this re Mt H (right at the end). 'TNG is now seeking joint venture partners to progress exploration of this exciting project to the next stage.'

To me it makes sense to do this. Exploring can be expensive and even wasteful if not done right. The ideal thing would be for an established company to come in and take over the expense, but for TNG to still retain a real and potentially valuable interest. That's good and responsible management. After all Mt H may turn out to be a dud.