holdings in gold stocks a positve

TTRs holdings in Gold stocks (Silverlake Resources & ATV Gold Corp) received through the Burnakura/Tuckabianna divestment could be a positive for TTR moving into 2009.

Silverlake's (a producer)SP (ASX SLR)is starting to move up very nicely while ATV (a near producer)is about to start mining again at Burnakura (sfter completing the crucial upgrade to the processing facility). ATVs share price should start to regain ground (as the Austrailian dollar gold price hits all time highs). Burnakura will be producing at more viable costs and recent drilling results have been extremely encouraging with excellent grades and widths.

You can follow ATV Gold Corps share price and progress at

http://www.atwgold.com/investors/stock_quote/

The gold stocks are really starting to show the way at the moment and this could provide some very valuable funds for TTR this year if they need to raise some working capital from these investments. For TTRs sake we need is a rebound in copper later this year and for gold to continue its rally. A real possibility!

In a way I am happy that we have seen the delay in getting Phillips River up and running. Nothing could have been worse than getting things going and to be hit with the collapse in base metal prices. That would have been potentally curtains perhaps. It has prove extremely prudent that management did not chase earlier risky funding options and chose to beef up the feasibility first.

As it is the future presents better opportunity for a more cost effective start-up.

Best of luck (you need a little in this game) to Steve and crew at TTR.

Happy and Prosperous New Year to TTR supporters. A more positive BFS MKII is our new year wish.