Please refer to this...

Please refer to this info:
TRO:
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=382644#1345119

Both Woodlawn undergrtound and Lewis Ponds have a YORC compliant resource-- drilling is continuing with the object of placing more ore in the measured catagory. Preliminary feasibility: early 2007.

Oct 26: Latest US $/lb: CU: 3.35; Pb: 0.74; Zinc: 1.93; Silver: $12/ounce. Omit Gold.

Value/tonne US$: Cu: 132.6; Pb: 65.1, Zinc 433.0; Ag 32.7 Total: AUS$ 862/ tonne (A$=0.77 US$), a high value to deliver a solid IRR, IMHO.

COMMENT:
1. Values have increased: Lead: US$0.77, Zinc: US$1.98; Silver: US$13.0.

Copper fell to US$3.16 on higher Chinese stocks. I did suggest that the market for Zinc was stronger than for Copper and invited CDU holders (Copper) to make a switch to TRO.

Woodlawn underground: Overall, the Insitu value per tonne has increased; however, in the meantime, i'll use the obscene high In situ value of AUS$862/tonne-see above.

With such a high value, it is immaterial if the extraction cost is going to be AUS$40 or AUS$70/tonne. Wait for a very solid high IRR (Internal rate of return).

Coupled with this is the second most important determinant: RESOURCES
Measured, Indicated and Inferred resource estimate for the redevelopment of the *Woodlawn Underground* Project:
10.1Mt @ 1.8% Cu, 4.0% Pb, 10.2% Zn, 0.55 g/t Au, 85g/t Ag.

Add to that the *Lewis Pond* resource which is still open and is being expanded.
Then add the 10 mill or so tonnes of Tailings.

Altogether, the current Insitu value is well past AUS$10 bill. or per share, a high AUS$125/$130.

Then add the following 3 items:
1. Additional value from some current underground resource worked over in the past in the Woodlawn mine. This is being investigated.
2. The Woodlawn North extension: A 60% is held in the continuation of the Woodlawn project and values are good but more drilling is needed.
3. The "Overflow" Not referred to before but it is a Gold project with interesting values sofar. It is a JV with Triako.

The projects have base metals as well: http://www.trioriginminerals.com.au/projoverflow.html

IMHO, TRO is a very interesting and valuable stock with much zinc, lead, copper and silver.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.