10m tonne copper deficit by 2030, page-28

After watching the Amvest Capital webinar I wholeheartedly agree with you dinero .The session runs for 58 minutes and 40 seconds and from 8.32 to 9.41 into the session Richard displays a drill cores from Hillside . All impressive but his proudest moment was when he pulled out another core from 500 metres . His eyes lit up as he held up this core and proudly pronounced , "this is 10% copper " it looked very impressive. That core is beyond the stage one and untested area at Hillside . When Smith joined Rex he mentioned to Richard that drilling should go deeper and he told Smith he was thinking about it. At the end of the Amvest presentation that topic was brought up again about drilling deeper and Richard said he may have a serious look at that. I am sure that all the locals at Ardrossan believe that at the most Hillside would be around for 12 years then fill the pit and pack up and leave . If there is 10% copper below 500M and drilling confirms a major find Rex could be there for 50 years plus. I am sure Richard didn't want the locals to know that during the earlier negotiations . So how big is Rex Minerals. Richard also mentioned that the Reserves at Hillside were in the process of being updated and that news should have been ready at the time of the presentation. So one would imagine that Rex is about to be rerated price wise very soon .