Ann: Lake Torrens IOCG Project - Drilling Commenced, page-118

Hi rorter,

With news from the current drilling at both Vulcan North and Pernatty due out very soon, it is obvious that today investors finally started piling into TAS in anticipation of excellent news from either or both sites. If this news is very good, there is little doubt that the TAS SP will make an immediate jump.

If the news from Pernatty is very good, it is highly likely that TAS will use almost all of its cash reserves to explore and develop Pernatty.

At Vulcan, FMG are funding the entire drilling and exploration program.

Therefore, there is a very good chance that your mate will indeed be making a profit within the next few months.

Cheers.