Next month or two could be interesting Fiona.TTR will have some...

Next month or two could be interesting Fiona.

TTR will have some more drilling results from Queen Sheba. Interim results have shown some good results with a further 5 holes to be reported soon. These results hopefully will support a upgrading of the resource and add confidence that the deposit remains open both along strike and down plunge.

Queen Sheba additions add to the immediate economics of the project on top of the already positive DFS.

Don't be too concerned about the share price as it's corelation to true project value has been affected by factors beyond market scrutiny. In the next few weeks we should know a little bit more about financing for the project and disclosure of who has been the beneficiary of the recent placements and shares from through the underwriting of the rights issue.

Once financing comes through and the project becomes a reality and the share price should increase significantly albeit still susceptible to all those other maket factors that affect sentiment towards junior miners.

The first sign that financing is close will be an increase in share price an volume traded. I suspect that with the share price having been pulled down by the discounted placement and rights issue it has created a further buying opportunity for the unknown parties behind the "raid" in January to add further to their position(s).

The recent placement and underwriten rights issue has put Tectonic in a very solid position on the exploration and working capital front.