*** $25 billion resources ***, page-8

Well done.

I note Aegis Equities wrote in a December 2004 report:
"The prospectivity looks so good that one must question whether BHP will not finally exercise its right to clawback the projects or bid for TYC before another company does."

I treat brokers' reports with a lot of sceptism. But that is spot on.

A clawback by BHP of one project area would send the TYC price through the roof. Not only would BHP have to refund TYC 310% of their expenses, but it would prove beyond doubt what a world class project TYC is sitting on.