Ann: Company Presentation, page-9

Agreed mett45.I am only sorry I missed out on a parcel of 1mill @0.006 about 10 days ago.I was in the middle of another transaction.TMX is seriously cheap.Looking at a realistic valuation a ASX listed company,a shell with no debt,2-3 million.Gold tenements yet to be determined but their value can be realised with existing cash reserves.Given the current gold pricing in AUD money can be made even in a toll milling arrangement @ 3 grams a tonne.Making money from overburden is a happy place to be in.My main area of interest is drilling the mesothemal lode at Great Western.This is where the real value lies. The Monet prospect,early days but at a 25 grand spend,a huge upside.The Gimlet tenement is essentially free carried by MRD's drilling next door,any success there will add significant value to TMX's valuation.MRD's market cap has been has high as 20mill.In any case I believe the Gimlet tenement has more prospectivity,given the ultramafic sequences that lie below it.Realistic budget to test the theory 3 mill.With regard to a fair market valuation I leave the rest to you.