what's going on, page-28

Home-grown and full of promise
KATE EMERY, The West Australian December 31, 2010, 6:45 am

"In the Pilbara it is tough to find an advanced iron ore hopeful worth less than $150 million but Territory Resources comes in at a shade under $90 million, based on its last traded share price of 33.5.

And it has a two million tonne per annum (mtpa) mine in the Northern Territory up and running.

Territory nearly collapsed during the financial crisis but has since got its house in order and is shopping for a second mine, to be bankrolled by its major investor, Hong Kong commodities trader Noble Group."