Some notable comments from KM's letter to shareholders in the AR...

Some notable comments from KM's letter to shareholders in the AR released today:

Re in-ground value:
"At the time of writing, your portfolio contained over 4.6 billion pounds of attributable zinc, that is Terramin’s proportion of metal in the deposits."

Re potential acquisitions:
"...We are examining acquisitions arising from our strategic advantages that I expect will result in considerable growth and cash flows over the coming year.

Re TH potential - always good to reinforce what we already know about TH:
"While the scoping results are impressive, we are just starting to uncover the full potential of Tala Hamza. Indications are that it will rank amongst the top zinc mines in both size and low operating costs.

Re future Algerian ownership of TH:
"...In April, he will accompany a delegation of the heads of the Algerian Ministry of Mines on a Terramin-hosted tour of Australian Government agencies and mines. We expect the exposure to the robust and mature Australian mining sector to help the officials effect the transition of the Algerian mining industry from state ownership to state regulated."

Re HR:
"Terramin now has a strong management and technical team with capability in large and small projects. Our projects are sound, and this attracts good people to work with us."