Hey Redrockgeogreat to hear from you! Im serious! I really...

Hey Redrockgeo

great to hear from you! Im serious! I really appreciate your thoughts on Territory and agree with some of the things you say. Like the fact that this $500m 2nd mine hasnt been expanded on or presented since the Diggers conference. Hopefully they will have some news soon.

I'd have to say the existing debt is a burden on the share price, as well as the mine life of 3-4 years.

With continued drilling and the benefication plant going live soon some of the ore that wasnt saleable now can be processed purified and sold. Thereby increasing the mine life even further.

So I feel its all up to time. Every month, they sell 200,000 odd tonnes of iron ore for $100 per tonne and costs them $65 per tonne. As we get every quarterly announcement for the next 12-18 months, and the following occurs we will see the share price break above 40c onto 70-90c.

1. Debt repaid
2. Cash at Bank increases est. $7m per month Gross Profit from mining, $21M per quarter
3. Drilling near Francis Creek and at their nearby tenement to increase resource to make it a 6-8 year mine.
4. If a 2nd mine funded by Noble is announced then we should see the share price crack the 90c level quite comfortably.

What do you think about my estimates Redrock, do they sound realistic or not?

Cheers Nectar