release out: hi ho .. hi ho ... , page-17

thorburn,

I can assure you this: It is not TRF's intention to prove up a gold reserve in the immediate future.

TRF is in a JV with IFE inwhich they are about to begin production. That is their focus - and so it should be.

Gold will be a bi-product of IO production, but that may not happen immediately. Remaining Gold exploration could happen via free carry JV cashflow. Other than that their hands are tied, unless they raise cash (doubtful for gold exploration)

I suggest you re-read the announcements and presentations and reconsider what their focus is.

goodluck
Split