Megan you are expecting too much I think. The current program is not so mach to add additional resources but give statistically more certainty (or bankability) to the existing resource. ie. raise the level of the resource in terms of JORC standards - inferred to indicated to measured. Most of the drilling just completed target existing zones
It would be nice to enlarge the the existing resource (open at depth) and extend the footprint. Also it would be great to have some drilling in areas around Kundip which have shown some exciting prospects (nickel close by and iron ore in the ranges). However, that is not what it is about at the moment. The existing Resource is sizeable to say the least and with more definition will be more than enough to support initial mining phases of the project. Further exploration for new discovery to extend the life of the project comes later and will be funded from cash flow down the line.
So Megan there isn't a Santa Clause, there is only a well planned project that slowly but surely, step by step TTR will bring this project to fruition.
Megan, what I am looking for in this Quarterly are some good hits within the existing resource zones and some good news on the metallurgy/processing study. This would be highly positive in my mind.
I know you have gone back through the old ASX reports from the late 1990s - hasn't there been a lot of work done at Kundip/Trilogy then and over the ensuing years? People in the know are genuinely confident about the future of Phillips River (supported by the extent of their shareholdings).
I ask you would TTR have added an additional Director to the Board at this point in time if they were uncertain of the viability of the project? The addition of Tony Martin to the Board is to stengthen and broaden the expertise levels as the project moves towards the BFS and funding stages.
TTR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
