The most important thing for TTY is that they define a much larger resource so as to give both scale and longevity to the operations. With the announcement that BHP and RIO may have to give 3rd party access to juniors in WA this has taken away some of the corporate deal opportunity for IRON ORE midcaps.
Fortunatly local knowledge does help and if one talks to the locals up in NT about Francis Creek and surrounding areas there is plenty of Iron Ore it just needs to be drilled up and proved.
Hence with the drilling currently going on by TTY and considering what the locals say it seems very likely that TTY will at least be able to double its resource this year.
I get frustrated when MK takes his eye off the Iron Ore game to dilly dally with other stories.
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