don't know rocket. sticky might have a point. i reckon his beer...

don't know rocket. sticky might have a point. i reckon his beer coaster modelling is more sophisticated than anything TTY are doing to forecast financials.

declining tonnages... tick
declining grade... tick
declining share price... tick
debt still at $20m... tick

what do we do... blame the crushing contractor !!!

unless management pull something out of the bag the share price could well be sub 25 cents by 2011Q3. chuck in moose's observation that reserves may be a little less than some people say and you'd say sub 25 is a dead cert. we can say the spot price is $180/tonne, but if TTY's getting $110 and Noble are getting 5% of that then that's what you get - gear at 59% Fe and 10% silica is low grade.

now ask yourself the question - what promises has TTY actually delivered on ? my buy-in price = 25 cents in April to take advantage of better production in their one decent 1/4. they need to pull their fingers out, give them a lick, and deliver what they promise = 2 million tonnes, rain or shine.