TTR 0.00% 40.0¢ tectonic resources nl

buyers becoming mildly aggessive

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    Feasibility results into the Phillips River gold/copper project should be available this month that should show TTR will be spending less than $15mil in CapEx to bring on a project that will be producing 75,000 ozs gold equiv per annum for five years+ at cash operating costs of less than $A300/oz starting in Oct04.This is in addition to its RAV8 nickel project that just keeps on producing and should do so for at least another year-a huge cash cow.
    No wonder the buyers are becoming aggressive and most holders today received their fully franked 1c/share dividend in their letter boxes and will be reluctant to sell because of the 45day rule that could see them lose the benefit of the franking credit.
 
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