Ok so my view is slightly skewed here after a few beers but basically the PFS was rubbish.

I have read this message board for a while and there is a lot of hope here (which is fine when there is something to back it up) but people have to face facts when an engineering report like this is released.

The key metrics for me when I read the results of the PFS are that the P&P are >800K ounces (which is a bit better than I had anticipated). The NPV is negative at a gold price of $850 with an IRR of 4.7%. The VERY high averaging cash costs of $541 (was anybody expecting this???? I'm sorry but this is the big negative to come up since the PEA).

No doubt I will be accussed of being a basher (which is understandable given that I have never posted before) but I am not. I am an investor in tdc since dec 2006 and have averaged down since (right before the first JP interview with Webb - jeez I though I was onto a winner there!) - and I am now deeply frustrated at my investment which is very unlikely to ever break even for me. Tough luck - buyer beware.

I'm sorry but we can all find better projects than this. The numbers just don't stack up in this engineering report.

My best guess for shareholders receiving value is for the company to shop around and see if anyone wants to buy the project.

Finally, Baires don't bother to send me any tyhee report from Frank Barbera. If I want to read some fantasy I will go to the book store.

regards