Each of those catalysts have a different impact. Who knows which the market will respond to the most. The economic evaluation should show that TG6 made a good purchase that will have a quick payback and lots of upside. While you can never rule out a CR, it should reduce the perception of a decent sized near term CR.
A confirmed tolling agreement is critical because it makes it real that TG6 can generate significant cash flow without a major capital investment.
If assessing in-pit ore access is only Diemen and Tasman without cutbacks then the ore to recover may be limited. Cutbacks are likely to be needed for most of the ore in the JORC. The big exception is laterite and the in-pit laterite resource. This could easily be several times the economics show in the ore stockpiles economic evaluation.
TG6 Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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