Ann: Drilling commencing at SPD Vanadium Project, page-24

TNO is particuarly exciting at the moment. Having been lucky enough to buy on market the day of the IPO and being able to take up loyalty options, I'm a happy holder. Though I will say it's a shame (I'm presuming this) there was a bit of a delay acquiring the tenements unconditionally, which I'm presuming was the hold up to commencing drilling.

Anyway JORC out October which will show TNO is more than competative when compared to peers. Throw in the possibility of near term DSO and I'm not sure there is a more compelling vanadium play (one that can capitalise on the current price spike) given our current market cap.