Ann: Hillside Project update , page-4

Prior to the funds raising late last year a mining expert from Bailieu Stockbrokers was touting an estimate of 100MT resource at Hillside. Since then the rigs have been very busy and continue to come up with excellent results albeit low grade 1% average and I was wondering if that resource estimate is looking like a reality now.Even though the grades are comparable to Prominent Hill the advantage to infrastructure lends itself to an Economies of Scale operation (Production increases as the cost of each unit produced falls).
Now that the operations of Mt Carrington have been separated into a new stand alone company Rex can now focus on its target of a maiden resource late July .All we need now is the Global situation to smooth itself out , the Super Profit Mining tax remodified and we can watch with interest the transformation of Rex from explorer to producer.