Ann: 190509 RIU Resouce Round Up Presentation, page-10

I have had the same thoughts but on reflection think that a trade sale which would at best be at a small premium to the currrent share price isn’t where we are headed.

There was nothing of any substance that was new in the latest version of the presentation.

The key takeaway for me was the fact that An IPO has moved from Option 3 to Option 1

My money is on an underground push at the bottom of the pit to recover the remaining reserves lost to the wall slip plus as much of the proven resources as possible before the PHES FID.

AT the same time exploration of the Stage 2 Nugent target to prove up resources and put some meat in the sandwich for an IPO to coincide with the FID for the PHES HOPEFULLY LATE IN 2020 before all the stockpiles are processed.

Its nice to to know Gresham’s man and ARA are driving the agenda. We are in the right hands IMO.