13m buy at 0.7c, page-13

This a minnow, that might be able to join the big fish by selling gold bars to finance its initial efforts. With good management, the process of self-financing expansion could become exponential.

This is the opposite strategy to HEG's. They abandoned mining, and diluted shareholders value by issuing more shares to so-called sophisticated investors. HEG used the money to drill, drill and more drill - in between periods of sleepy indecision.

Look now at HEG's chart! 43 cents 3.5 years ago, down to 4.3 cents yesterday. All this against a rising gold price. Certainly that strategy has not paid off for shareholders up to now - even for the sophisticated investors.

Here's hoping TNR does differently and tries to mine its way into success.