TTR 0.00% 40.0¢ tectonic resources nl

momentum upwards continues, page-8

  1. 2,462 Posts.
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    Simmo - can you expand a little on your "insider" information. Apart from the Burnakura announcement I expect some excellent news from the RAV8 mining and full evaluation of Mincors SquidEM survey (also commencement of drilling).

    Some time back in a post you suggested 150 tonnes of nickel could be pulled out in the current campaign - I am expecting closer to 200 to 300 tonnes of nickel. Grades are not all that much less than in the Halcyon days of 03/04. Even at half pace they should be able to mine at least 10,000 tonnes of ore (they mined over 80,000 tonnes pa back in 03/04) - so if this is the best case scenario should be able to bank close to $5 to $7 million profit at current nickel prices.

    Announcements this week would be nice, particulary with GOLD rebounding nicely late last week.

    Savvy investors already took up opportunities to sell and buyback back 6 months or so ago when TTR hit rock bottom (they dont just make tax decisions in May and June). There is probably a little bit of this happening now but there is a major buyer taking all he can get from those that have given up on TTR. I would suspect most of the sellers have been Patterson "sophisticated" clients that bought in at 13 cents and have been disappointed ever since. TTRs loyal long term holders have been for the journey and know the whole story.

    The fact is none of TTRs longer term holders and new converts like Harlee will be selling -

    Lets hope that this is going to be the BIG WEEK for Tectonic - good luck all.
 
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