Ann: Titomic Partners with Defence Prime Thales for Soldier Systm, page-43

Read the E&P analysis and the companies original 5 year (matches industry expectations) startup to profit profile is confirmed, cheap titanium powder sales to use with TKF process is this companies primary mote and underlines the Government and CSIRO's ambition to develope Titanium industry in Aus. Their recent Thales announcement along with govt support/encouragement confirms my motivation to buy for long term hold. As the report highlights TTT will need to CR 20-25mil over next 2 years to get to 23-24 profit then its onward and upward. IMHO TTT is definitely an investment stock so cannot see it as a traders stock except on volatility over the next few years. Only concern I have is the mentioned risk that some other government or company comes up with better process to use the available cheap titanium powders. GLTAH's