No need to thank me - it has principally been TTRs Steve...

No need to thank me - it has principally been TTRs Steve Norregaard that has remained committed to his belief in Phillips River potential who we can all thank.

In 2006 when TTR had a working capital crisis with no liklihood of getting additional funds from the institutional and retail market some directors/ex directors put their own money up to meet the significant shortfall. That was after the decision to sell out of the Burnakura JV with Extract so it was only the belief in Phillips River that kept TTR going and avoiding possible administration/liquidation. It was a very close call as the auditors would not sign off TTR as a "going concern" at the time.

You and I can therefore thank Steve and his white knights for saving our investment holdings at that time.

The GFC (that in reality started about the same time) and the risk avoidence that followed dragged the share price and faith down to all time lows. With limited funds Steve has managed his budget very carefully and focussed resulting in the results we have from Kundip over the last week. And don't forget the positive news comming from the Trilogy metallurgical recovery work along the way.

Only a small percentage of junior mining companies can get projects up and running. The TTR team have the experience that is necessary to bring the Phillips River Project to fruition in an orderly and timely manner.

Anyone with Steve's track record could have bailed out long ago and could have named his price (particularly before the crash in commodity prices last year)with any of a number of other mining companies. We are lucky to have him at the helm.

Now I am sure Megan is a lot happier with TTR now (if she still has her holding statement in the bottom drawer. I would be the last person to say "I told you so" because thats not me and there is still a lot of work to be done. First wait till we all see the Bankable Feasibility Study on the table and positive news on funding.

So we need to just be a little more patient and trust that demand for base metals and gold is robust in the critical first couple of years of the project.

Finally, blind Freddy can see that this stock is under valued. Steve's biggest risk to not seeing this project through is a hostile takeover. I think there is also a strong possibility that a cashed up junior or mid-tear miner (e.g.Mincor, Jabiru) will show further interest.