900,000 oz, page-2

Thanks Trev.

The most interesting point made in Steve's BoardRoom Radio presentation was that he believes this project can be "bankable" and go ahead with debt funding. This is very attractive because if no equity funding is required then shareholders holdings will not be diluted.

Not sure of all the ins and outs of dealing with the mining banks but seems that less than 150,000 oz of "bankable gold" are needed to secure enough capital to get the project up and running.

This just underscores the importance the successful drilling programs (extension and infill)over the last year which have added to the total resource and level of confidence. The Total Resource and Reserve Statement must be due any tick of the clock and the way Steve was intimating it would not be surprising to see the "magical" million ounce announced.

Steve was also talking in terms of a 10 year initial project up from 7.5 years in the Scoping Study........obviously on the back of the expanded resource.

All this and sitting at 5.1 cents.....when Tectonic finally takes off when we have the project underway and it's value is recognised it will have to have a market cap well over the $100m mark and a share price over the 20c mark (even allowing for the new SPP). How soon we get to that mark is dependent a fair bit on market sentiment for the small miners however. I keep reading that small miners with viable projects are the most undervalued stocks around.

The long term view that Steve expressed to be a major player (long term) in the Ravensthorpe area is pretty appealing to loyal shareholders!