Ann: Tala Hamza Update , page-22

Have to laugh at the irony of it all. They kept us under informed when they changed the mining method for Tala Hamza and what this meant in terms of getting the mine into production. Now they are arguably keeping us over informed about what is going on with the approval process only to have the expectations they are putting out there not being met. They appear to have taken these approaches trying to stop investors from deserting them only for both methods to have backfired badly.

There is one thing that the market is ignoring though, despite the blown out timelines if this mine gets into production Terramin is going to be a very profitable company. At the moment you could ascribe their current valuation on what they have at Strathlabyn alone.