"It is evident from the post award press releases and news that the bid criteria involved the use of locally sourced labor and materials and the willingness to employ STAMICO for mining and drilling. "

That is correct.

"TNX has no experience developing or redeveloping a mine."

Based on what? Let's not forget when they acquired the Buckreef project from the unfortunate hedge mistake by IAM gold they acquired the blueprint to the anticipated development of the property also. Don't forget how far into the project IAM gold was at the time.

Remember TRX is a royalty company first and foremost. How do you know if TRX will even try and develop the mine on their own or is there another explorer or strategy in the wings waiting to tackle the project in a different manner.

Let's not forget the number of Chinese interests that are currently developing mines on the TRX properties and surrounding properties over the last several years. Care to speculate how soon we start seeing royalty revenue from these activities? Very few people understand how far along these royalty revenue streams are into becoming cash generators. That day is close at hand.