The Express and Star article http://
http://www.expressandstar.com/news/2016/10/17/new-calls-for-willenhall-walsall-wolverhampton-tram-train/ It is without doubt a feasibility if you could drive the tram network out to New Cross and then take it back through to the rail line near Neachells.
That would deliver LRT services to New Cross and link Willenhall & Walsall onto the tram network. Of course it is future generations that would benefit…that seems to me to be the best reason of all to deliver a new feasibility study!