Southern Arc $SA recently took a stake in Tethyan Resources $TETH.L. Tethyan will soon also be listed in Toronto. With 106.9 million shares O/S and a share price of 0.0224 the company has a market cap of GBP 2.4 million. Approx 55 million shares are in strong hands. The Phelps Dodge drillhole No.3 intersected 144m @ 0.4% copper & 0.4 g/t gold, and bottomed in mineralisation. Tethyan recently started drilling and I am looking forward to the results