lets talk value

ok, so....

MON shalackle aside there has to be a point where TTY becomes good value. Really I don't think this is far off - IMO of course.

Once MON's news came out it didn't take a genius to predict that TTY would suffer. That said I still don't really think that MON has as big a role to play in TTY's performance that TTY's sp should stay at these levels for any considerable amount of time.

Granted, MON will be money lost- it seems perhaps a lot. But the saving grace is that TTY has considerable cash flow.

Considering the potential of a reserve upgrade, which will always remain the risk until it is resolved, there will come a point where trying to pick the bottom here may well be very rewarding 6mths from now.

If MK comes out and announces that TTY is going to buy out MON or something along those lines then we might see the 60's however. Which, is near the 52 week low

If TTY really do get the 2-3Mtpa ramp up going by the end of the year the market will not be able to ignore the profits coming through the company.

At at least US$50/t profit on 2-3Mtpa year - you do the maths.

The MON debacle is cr@p, but I don't think TTY is going to go under because of it. The cash and time is certainly an oppurtunity lost, even a big one , but the fundementals of this company imo have not changed materially.

This all said. I too would love it if TTY gave up on gold and went for some more complimentary minerals. Quesstioning the management style is well warranted too i believe.