RXM 2.38% 21.5¢ rex minerals limited

You mean 2 million ounces at Hog's Ranch. I would expect this to...

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    You mean 2 million ounces at Hog's Ranch. I would expect this to expand to over 4 Moz from the way Richard talks about it.

    Yes, and 2Moz for only 100,000 per year production is 20 years. So could expect the throughput rate to increase somewhat in line with a 10 or 15 year life as heap leaches are easily expandable.

    I like the long section of Hillside with the old red pit and underground from 2013 compared to Carapeteena shows the potential size of mineralisation has not been tested extensively at depth. If they are producing 35-40kt of Cu per year, then that will be a very long life.

    Rex has assets that people want. Large, long life, low cost mines, one of which is fully permitted. I think capital funds are working out that even with a feasibility study, the permitting may never some to fruition. Rex already has one complete firing solution.
 
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