this is a big deal.increase of one third to mc, page-5

This discussion assumes that the mkt was valueing the iron ore asset at zero.

Personally I think its terrific news if it comes off, it'll mean TLM will have well over $50mm (including cash on hand and options being exercised) to focus on their other areas of interest and I am guessing that they are looking to spend a LOT on Springfield.

Lets see......an extra rig on-site, rumours flying around about the Simpson drilling, selling non-core assets with short time-frame for settlement so they can get the money quickly (feb next year).

Sounds to me like TLM is gearing up for a major major exploration program on Springfield.

Given how mum TLM are being on everything it doesn't surprise me there isn't much market reaction.....yet..........