Hi Gazza, I do not know much about Tarmoola, but... with the POG...

Hi Gazza, I do not know much about Tarmoola, but... with the POG sitting around $500 AUD until late 2006, I can understand that they put the expansion on hold.

May I ask what brought you to mention it? In that, RED will likely not increase the plant size? Or just the risk that it may not happen?

RRL is in desperate need of a growth option, and large open pit mining is their bread and butter.
KOTH would to me, fit them perfectly. There are others that I am sure would also view KOTH as attractive.

Perhaps SLR or RMS might surprise the market and go for something more than just bolt on acquisitions (particularly RMS, which I feel has proven itself to be particularly proficient in open mining). Both have 2 mines... but want at least 1 more. Why stop at 3.... critical mass and reduced risk with multiple plants is what the market likes (big end).

Its actually quite amazing that even more M&A has not occurred in the sector. If this is not the time to put fiat currency to work, then I don't know when is.