territory resources ltd., page-8

It was interesting to note from the Iron ore conference yesterday that from the 80 junior iron plays many will not see the light of day simply because of cost,and this is reflective in their SP, the two major hurdles is rail and port.

Territory is in the box seat, we are on the mothership and captain Kerney is at the wheel, we have three things to look forward too, the continued ramping-up of production, the 70%+
increase in iron ore which makes the spot price over $200 a tonne, and when the time is right the icing on the cake drilling results.

Its difficult to have fathe in these trouble times but remember we are on the mothership and captain Kerney is going to take use where no man has been before.