Risk/Reward

It would appear to this novice that there is low grade/extensive mineralisation in at least one of the projects in NSW.

The Yarrandirry and the Mabel Creek prospects are likely to be deep. So they need to be prioritised.

I agree to focus attention on Mabel Creek as Yarrandirry is more of a punt.

Maybe the land in NSW should be sold off for a potential royalty to a KSN or even a NXM et al.

Maybe look at taking-over a GML or similar and stick to Gold?

That old trumpet that we are at an inflection point.

This Board is gold-standard, so I'm happy for them to plot a way forward.

I initially sold 50% of TLM to punt on KSN but have now increased my TLM holdings by 25%.

With the rigour they approach exploration with the fly-overs and plotting magnetic anomalies, they deserve to find the motherlode.