Prhb - Definite synergies exist when the second phase of all...

Prhb - Definite synergies exist when the second phase of all Trilogy value can be unlocked. (Work is going along quietly behind the scenes in a QLD metallurgy laboratory). Paterson's valued this synergy to be worth up to an extra 8 cents per share back in May 06 - would be higher now given current metal prices. The Trilogy deposit and surrounding deposits like Queen Sheba hold great hope for a much longer term future. Those in the know suggest a current "in ground" value of about $1.5 billion dollars (on freehold land owned by TTR). The deposits can be very economically mined by open cut but as you know more capital expenditure (second tranche of project funding) will be required for the additional plant construction.

The Phillips River project is really an exciting opportunity. The area is very well supported by existing infrastructure. The complete opposite to Burnakura.

The four following events will be a positives for TTRs share price:
1. Burnakura Divestment
2. Phillips River funding package
3. RAV8 exploration success by Mincor
4. Successful production of saleable concentrates from Trilogy phase 2 mining