re: territory resources limited

Article in WA news MK wants to use Territory not only
as the consolidator of his myriad interests but also as
the building block for a sizeable minning business
delivering raw materials to the steel industries of china
and, to a lesser degree, India.

Already he is talking about building a mid-sized iron
ore business spanning the NT and WA,s pilbara region
[ via a yet-to-be decided corporate deal ] producing
15 million tonnes a year by early next decade.

Frances creek is producing at a rate of 1.5mtpa and
MK is targeting 3mtpa by the end of the year.
He also expects to spend $10 million on drilling to
at least double Frances Creek,s 10 million tonne resource
base. To me it is all positive because Territory is
producing and revenue is coming in each month, and
yes i think we could be better informed as to the progress
of the company.