Not much to report as we are all waiting patiently/impatiently for the next PR. Which most likely will indeed tell us what the net present value of ttm is. Keep in mind when we get it there will have been alot of additional work done since the report was finalized. I cannot say with any certainty when it will come out I would say later on next week will likely be the earliest. But it will be compliant when we get it therefore they can release it right away.

Drilling on the other targets should begin at the end of next week. Permits and weather are now co-operating. Everything is now in place they are building the "core shacks" now.

There are still no guarantees that there will be a buyout, still a very good jv opportunity exists.

We have no intention of moving the 2 drills we now have turning on our deposit to any new targets. THOSE WILL STAY DRILLING 24/7. But since an IP survey tells us that the potential for 2 larger deposits exist very close to our current deposit then managment felt compelled to explore the potential for an even larger resource. This does not mean that we do not have an "uneconomical" resource already. Just the potential to expand. I hope that clears this up. One drill at the end of next week and another one will be available at managments discression.

Financing: Although there are standing agreements for financing if we need it, but we are well financed and cannot forsee any dilution at this point.

JMO:

We are well financed and moving forward rapidly towards production, (who will be the producer remains to be seen). Managment is spending money very wisely and every dollar spent will indeed be leveraged for us to create shareholder value many times our current costs. Regardless where this goes money spent will have a greater return down the road.

TTM after the NPV is announced:

This will indeed change the game. Why would a company spend countless hours and its own money to come up with the economics of the Chu when we are in the process of doing this for them? When the report comes out companies can analyse the document and decide what is their next move. This changes the game forever as now offers will come forward. Most companies have been waiting for this, fund companies etc. Also the move to Level 1 tsx.v will help and the move over to the big board will also add more investing possiblilites.

Think about this, do you think that the NPV report will come out with a value of TTM's chu deposit to show that the property is only worth .95 cents per share! Also that is only the economics on our deposit as it exists when the report was completed. That does not take into consideration eventual step-out drilling and speculation of finding more moly on the other 2 targets. What seems to be forgotten is the big PP we did last year at $1.50 with 1.75 warrants. I am sure those involved would like to see this get over a buck!

95 cents!!!!!

BBOB