minestite story on territory resources, page-5

Yes further drilling has been done, we should get more results in the quarterly. Two rigs were on site, good to hear of the third one, it had already been ordered, so it's nothing new.
QUOTE
“Expenditure on exploration for the 2008 year has been budgeted at $10.8m with 80% of the
expenditure planned for resource expansion in the immediate Frances Creek mine-site area.
The strike extension of the Frances Creek mineralised system continues 20km to the north of
the mining area with limited previous exploration coverage. A second RC drill rig is due to
commence full-time on site later in June,”
AND
"During May, exploration continued with near-resource drilling testing along-strike and downdip
extensions of known mineralisation adjacent to the Helene, Thelma and Jasmine trends
(as outlined on the map overpage). Preliminary reinterpretation of the Helene trend
especially in the region of the high grade Helene 6/7 deposit has commenced."

20 million tons no problem, possibly another 20-60 mill T in the Northern Tenements, depends how agressive they are in their exploration.

Without the MK debacle, TTY should be $1.50 and by this time next year producing 2.5 million T it should be $2.50. But who knows !!!