SamFisher the following report should help. This was prepared...

SamFisher the following report should help. This was prepared following the late 2005 Feasibility Study.

http://www.tectonicres.com.au/docs/analystreccomend.pdf

Naturally things have change a little from then. Costs have risen although stabilised, however so also has the gold and silver price. You can redo the sums and find out that the project has become MORE robust with the increased resource and greater potential for recovery of saleable base metal concentrates from Trilogy.

The new scoping study should be completed very soon and with metal prices recovering significantly from the disastorous lows the project is looking very good for a start at a time when global demand should be picking up. Obviously the TTR Board is very conscious of timing factors in relation to raising finance.