All up for the project they are giving an approx. value a bit...

All up for the project they are giving an approx. value a bit over my target or 300M... yet no value for Hercules and valuation of Ore at below current levels is conservative.

Naturally we have those bullish on Ore and bearish. We will be OK in Yr 1 as long as Ore averages out above Opex... so we have a reasonable margin for error.

Yr 2 to 3 will see the Opex prices come right down---shipping is a huge cost and needs to be addressed in the future for instant bottom line gains of approx. 30mil.

Ian stepping down for day to day operations- Good. He is a far better strategic Manager. Select a good Op's Manager to get it all moving.

35Mil now... yet considered very small for such an investment.

One of many broker reports to come IMO... as we head towards a Cap raising. Would be nice to see TRF at $1 again.

Roadshows have just started up again- jump aboard for the ride IMO. Went through it several months ago, several brokers can move up a small cap stock greatly. Plus they have a great ST story to tout a multi bagger in the next few months heading into production. Look out for many more reports to come. IMO.

Cheers JAY