more good news, page-2

I think the comments released have been fairly clear that they see the end in sight for the current resources and are switching focus to an acquisition or merger. That's what all this "template for success" business is about. They know how to run an efficient operation, on the ground at least, and they want to apply that elsewhere. They will be looking to match the formula, a resource close to the rail.

As for where the cash is going to come from, maybe they'll pass the hat around, but more likely Noble assists.

So even if, worst case, TTY walk away from the current resources with a clean slate we still have built up a team knowledgeable people who know how to dig and ship iron ore efficiently. But who can predict what the AUD is doing, or where the spot prices are going - if they go our way we can be quickly making some good cash.