A breakout above 3.6 cents from a rounding top is an extremely...

A breakout above 3.6 cents from a rounding top is an extremely bullish signal. The base formation is several years wide with the rounding top forming on the right side taking seven months to build from .007 cents to 3.6 cents. Volume throughout this breakout phase has been through the roof compared with historical trading in TOX.

A number of upside targets are now in place with major overhead resistance starting in the 9-12 cents zone. 10 cents values TOX at $50 million fully diluted (and cash of around $5 million and growing) and an extremely reasonable valuation given growth prospects. Lower targets exist at 7.13 cents and 5.3 cents along the way. The very large daily turnover numbers indicate that we will overshoot running to these targets.

Sit back and enjoy the ride. The next twelve weeks will be very interesting. Looking forward to management comments about growth in the business, and expecting some very pleasant upside surprises in the next annual report. With cash reserves and credit lines (from very strong revenues) TOX could deploy over $10 million on growth prospects plus JV's could add additional firepower. We still have a NIL value attached to international patents and overseas growth potential.

Do not worry about momentary fluctuations, the uninformed are merely selling out for chump change BUT there will be lots of trading opportunities ahead with daily $ volumes getting deeper and wider. This is a very profitable story about the supply of services (environmental) to the insaitable Asian growth machine built around the supply of raw materials with margins of 50% and LITTLE competion due to permit issues. Please do your own research and do not rely on this commentary.