Billmac - I have been an advocate of Phillips River for quite a...

Billmac - I have been an advocate of Phillips River for quite a while now. Its not a pie in the sky project and I am convinced more than ever that it will go ahead and be a 10 year plus mining project and very profitable. I'm also putting money where my mouth is.

My guess - as soon as the serious mining investment community view the scoping study the share price will move up to at least 15c. After the Bankable Feasibility Study it will be 30c plus. Potentially your 10 bagger after a successful ramp up but that is probably 18 months away I would think.

I am just repeating the estimates I made a couple of years back, however TTR took some big hits during the early phases of the GFC, credit crunch and subsequent risk aversion. It has taken a long time and some good work for TTR to gain its credibility back. Not that that has been the current managements fault. They have been focussed and efficient in the way they have moved the Phillips River Project forward.

To listen to Boardroom Radio about TTR recent progress

http://www.brr.com.au/event/59088