Ann: 3D seismic points to large copper target under Hillside, page-38

"My view is that HOG ranch results could very well be the catalyst........"

I think you are on the money here kingkev.

The continuing reported good drilling results from Hog Ranch would seem to the average punter to be the potential catalyst for a significant upgrade in the Hog Ranch resource???

The gold price seems to be holding up but with the invasion of Ukraine likely to be prolonged, the enthusiasm for copper is somewhat muted and so is the RXM share price as a consequence. For copper this could be a fact of life for some time to come and as a Rex shareholder it is comforting to have the possibility that if copper stays in the doldrums then Rex may initially shine as a gold producer.

Again to an average punter, I wonder why management is not (at the moment!) demonstrating the what would seem to be an obvious need to up the effort at Hog Ranch and resource upgrade. I hope they are in fact they are doing this and a resource upgrade is imminent. Just hope I do not have to hold my breath for too long.

Go Rex!