fourth quarter updates, page-6

Chris, like the cut of your jib. Sound management is the big key. I too would take a hit on this stock if I got out now. IMO MAL is the best hope of a winner out of the three, Even though they can't get their Zircon out, at least its still there. TTY really haven't got anything there ATM.

When you think about it TTY is exactly the same in some ways as MON. The way that the mines started production without really shoring up reserves first. IMO tty will survive and be profitable but nothing like the giddy heights we were all promised 12 months ago. If we see $1.50 SP in 12 months I will be happy.

Good luck. I will re evaluate at Xmas.