very positive market dynamics for tty!!!

Hey Guys

Territory Resources presentation on their performance over the last 12 months is very positive.

49% increase in Iron Ore Revenue to $170m in FY2010, EBITDA $24.5m in 2010!

Cash cost reduction to $58 per tonne of iron ore!

As the purification plant fires up next month, it will enable previously uneconomic Iron Ore to now be mined and sold at a significant profit!

Chinese economic growth will continue to remain strong, 9.5%+, as well as the following factors having additional positive price pressure on iron ore, which we have already seen.

India's ban of iron ore shipments of approx 27% of their annual export volume has risen the price of iron ore to $150 last night, from $115 two weeks ago.

The recent floods in southern China has destroyed thousands of homes, buildings, bridges, rail and road, so we will start to see an additional increase in iron ore demand to satisfy the rebuilding of the damaged infrastructure.

They also mention the quality of domestic iron ore in China is deteriorating, which will need to be replenished with high quality Australian and Brazilian ore!

These benefits apply to all the iron ore miners, Grange, FMG, SDL, BHP, RIO et all.

Once these factors, Purification Plant being commissioned, Increase in resource, continued significant gross profit from iron ore sales, TTY should really be pushing the 75-95c level by Christmas 2010!