Ann: Rex commits to next phase of Hillside Copper-Gold Project, page-46

So, one of the elements potential buyers may have been surprised/disappointed about was the the increased capital and/or cost to mine.

However, that is a two sided coin. For instance, today one of my other companies Parenti (PRN)* had a update effectively saying they have strong demand and are looking to move profits back up to 10% margin for work. In fact all the Mining Engineering companies are saying the same**. Which means they have strong demand and pricing power, which will be reflected in the price of the metals especially, over a life of mine or even initial mine life.

So, if anyone was trying to have their cake and eat it, like saying - Oh, you showed mining cost up and tried to dress up the UDFS by using a Higher Cu price. That would be fallacious because the marginal cost to produce Cu has clearly gone up. In fact, RXM has done the right thing by working with Thiess to do what they can to optimise the cost sand the right thing in getting a correct picture for buyers (of shares or JV) in the move to financing.

Now, how about that whinge about too many updates?

All IMVHO
*https://www.asx.com.au/asxpdf/20221219/pdf/45jybjjm0kq8ld.pdf.
** Unless they want to be like Cluogh and go broke.