jv

mine it

sell it

all 3 are attractive

---why, because a tonne of .1% ore is worth $72
---they have 100,000,000 tonnes of this ore worth 7.2 billion bucks
---it is accessible in mine start up
---a 20,000 tonne/day start-up gives 500 million bucks/ year
----it will cost 250 million bucks/ year to mine and quick payback
of capital cost/15 year mine life of 0.1% material alone

All DD of the above favors the mine in every aspect, location
infrastructure, strip ratio, permitting, country, district
management, economics, kitty cash

------its very attractive, because its definitely world class
0.06% cut-off , 27 billion value/ mine life way beyond
25years at 40,000 tonne/ day

------because of the world class size and economics its
attractive to every major mine producer in the world
primarily due to the size above and its in CANADA

------Talked to management , The 0.1% material alone is
worth 8$ in-situ as is, in ground at buck and 50cents/pound

------5$ would be a stupid fire sale

------8$ would be tempting

------jv would be exciting and best for all

------Mining it themselves would occur in first ore fall 2012
18 months to measure and indicate primary ore
total cost to bring it to bank feasibility , 50 million bucks
all studies and permitting, fairly straight due to
regulatory bodies,Can, first ore processed in fall 2012

------Upcoming catalyst, NI- 43-101 report
deep hole assay within 10 days, speculatively suggesting
we have super high grade ore body secondary mine lying
beneath the shallow open pit 500 metre depth mine

------Talks directly to management indicated that the possible
high grade ore body from the upcoming assay, has an area
pretty well equal to the mine above

------IF the deep assay above is what, speculatively 0.2%
to 1% or more, it would change the whole aspect of the
above values prolifically

------If the deep hole is successful, they will step out
big time and probably drill about 8 well selected
holes over the entire mine site, to quickly suggest
we have one of the most speculative super grade mines
in the world. This is speculative, but a distinct
possibility, due to the fact the higher grades were
already seen at most holes bottomed in this mineralization

------They have a poison pill, because they do not want a quick
fire sale, its in place to give them more time to
drill

------If a hostile offer comes, ttm and sprott will bring in
8 drills if they have to, to drive the value, but they
will not make that offensive move unless necessary.

------The price of moly is stable, and will only get better
by 2012, as indicated by all supply/demand articles
to date, based on solid fundamental world requirements,
in fact the studies suggest that moly may indeed, move
like platinum, zinc copper and others that continue
to dwindle versus new applications.

------You need know , no more than the above, everthing
else would be pure speculation at best, i believe
the tak-out value is higher than norm, due to the
combination of all the above facts, which in the
case of other juniors , simply don't exist to the
magnitude of what TTM has discovered.