Get on board as this is a very strong time for TTY. After all...

Get on board as this is a very strong time for TTY. After all its problems it is now strongly focused on the future.

“We are extremely pleased with the mine’s performance, and specifically the recent production levels achieved
and corresponding cost reductions. These are a real credit to the entire team on site, underlining the strong
leadership being provided by our new Chief Operating Officer, Andy Haslam,” said Territory’s Chairman,
Andrew Simpson.
“Furthermore, the recent operational performance at Frances Creek has given our senior management team
the confidence that steady-state production of 2.5Mtpa and an operating cost of A$45/tonne on the boat is now
a realistic target during 2009,” he continued.
“While these are stretch targets and considerable work remains to secure this next plateau, we believe they are
achievable,” Mr Simpson said. In turn, with any bulk material operation, enhancements of this magnitude – 25%
2
higher production and a 10% improvement in operating costs – will have an important impact on our free cash
generation ability and level of profitability.


Looking forward to the announcement at the end of April this will join a lot of dots.

I did buy this higher but have been averaging down as IMHO Territory resources will be a stand out coy in the next 6 to 12 months. Absolute bargain.