ttr - director buying bigtime!, page-3

re: nickel discovery The market does not seem to be recognising the extent of this announcement and the soon to be released gold resource. the current RAV 8 mine has produced 13779 tonnes of nickel as at 30/6/04 and is known to contain sufficient reserves to be mined well into 2005. this nickel has been extracted from three shoots so it is more than possible that this new shoot could contain in excess of 4000 tonnes of nickel dependent upon grades of course as it is sinilar in size and open ended. the Phillips River gold resource is to be announced soon and is already to be increased by at least 25%. i suspect this announcement will be signifigantly higher. add $11+ million cash for an NTA of 14 cps a 6.3% yield on a P/E of 3 plus other projects and i consider this stock to be way undervalued. time will tell.