What is TGS really worth?, page-16

Tiger Resources has achieved commercial copper cathode production from its Kipoi Copper Project within six weeks of start-up is a very strong outcome and places the company well on the road to achieving production guidance of 14,000 tonnes of copper cathode in 2014.

The company is currently progressing work to achieve full design capacity of 2,083 tonnes per month of copper cathode.

Cash on hand and deposit at 30 June 2014 was $21.8 million along with trade receivables, copper cathode and copper concentrate inventory available for immediate delivery of $12.3 million.