re: Ann: Quarterly Activities Report and Cash...
I see the announcement, below,regarding the benefication plant as the important part of the report. For TTY to be a good investment proposition it must continue to operate for a few years after the debts are repaid. Being able to get value for lower grade ore is important. I wont be "relaxed and comfortable" holding TTY until this point is reached. At present my status is "comfortable but not relaxed".
"Construction of the Beneficiation Plant is progressing with commissioning scheduled for the second half of 2010. The Beneficiation Plant will enable the Company to process its scalps and low grade ore stockpiles and upgrade them to saleable grade specifications The Company will also conduct tests to determine if the beneficiation process will be able to upgrade lower grade deposits in the northern regions to extend the mine life of Frances Creek."
TTY Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
