Broker Data, page-212

RDG 4-5mil for stupid earthwork coz their mineralisation start at 12-15m and HVY mineralisation starts at 0m surface. Then RDG SS took 75c aud usd conversations rate that is 70c now almost 7-8% increase in NPV. Then RDG SS didn’t account for ilmenite and other HM product but HVY is focusing on magnetic separation in SS hence it will add to NPV. Also our garnet is at 91% which makes our HM richer than RDG so less opex. This will definitely have better SS than RDG. You can keep thinking that SS will be disappointing without any backed info. Let alone Rdg bought lucky bay garnet site for 22mil without SS. So our mcap is lower than that alone. Just stay on the sideline regret it. If you can’t provide any argument with valid rational that ss will disappoint then it’s better to be a viewer than downramper