Ann: Exploration Progress in Cote d'Ivoire and Liberia, page-4

The JORC was done using a US$1500/oz cutoff, but my look at the geology suggests that bring this down will not have a major impact on the size of the resource.

TIE have done a lot of drilling this year and plan to do a lot more. Dr Fu has given them the money to go until late 2019 without the need to do a CR. Caigen is running TIE on the smell of an oily rag so we should get a lot of drill bang for our buck. They have a huge amount of prospective ground to drill and with Dr Fu's team scouting around we should see significantly upgrade in the resource.

All in all TIE looks very cheap at this level and I will continue buying if people want to give me their shares at 10.5c.