TYX 16.7% 0.5¢ tyranna resources limited

Ann: Drilling begins to identify DSO , page-2

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    Has anyone heard the the audio of Ian Finch on BRR today?

    The main points are:
    Low cost infastructure needed for DSO mining which is stage 1.

    They will be using mining contractors to start mining the DSO in 9-12mths.

    -They have a mining lease in their hands already.

    -They started the Environmental studies and approval process about 12mths ago, and they should be approved fully in 10 months so mining can start.

    -With the income from stage 1 they will use this for stage 2 which is mining the crystaline magnetite.

    -Then stage 3 will be to get Hercules BIF finalise and mined which will be a few years away.

    All in all if they prove up this DSO which maybe as little as 15mill tonnes, then for 5-7 years the company will be self funded and TRF will get a nice 20% income as well sooner rather than later.

    Very exciting stuff, so I can only assume Ian has a very good inkling that he will be able to ship it from an existing Port?

 
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