Some time ago there was a period of TG6 discussion about...

Some time ago there was a period of TG6 discussion about potential future acquisitions if TG6 became more substantially capitalised. One of those noted was the 1m oz Holland resource with respect to whether it could be a future acquisition target.

I didn't realise at the time that he Mt Holland residual resource was actually massively smaller than 1m oz being approximately half that size. This 1m oz figure included the Van Uden deposit which is now owned by TG6. Additionally, the Bounty Mine's underground activities were closed due to Geotech issues (246k oz of the Bounty total). Unless a solution is found to those geotech issues (which is doubtful), the Bounty UG resource may be effectively unavailable. With bounty is then reduced to its 134k oz of open pit activity resource. The Twinings Group 128k oz is co-located with Mt Holland which is likely to make it also unviable as an acquisition. This means that want's left is Bounty 134k oz, Bushpig 28k oz, Victory 15k oz, Razorback 10k oz and the primary asset Blue Vein 373k oz. What's there on the previously mined open pits looks good on paper, but may be problematic to mine if the resource is scattered around the edges of the existing pit. The value is therefore not what I'd suggested it might be taking a simple 1m oz and a sensible price per oz. Sorry if I caused any confusion.