Even with those construction partners Rex would not get a free...

Even with those construction partners Rex would not get a free ride. Still a large amount of money would need to be raised. I don't think either have walked away from Rex but Rex have realised that it is going to be very difficult in a mining investment downturn to raise the large amounts of capital via finance required for the full scale project even with the construction partners so they are looking at a staged approach.

What disappoints me the most is that we still don't have a BFS which would explain the equation.

I hope Rex interim management get their affairs in order and consult with themselves sufficiently, paying any required consultancy fees to advise themselves (of course remembering that the terms and conditions of the transactions with themselves and their related parties will be no more favourable than those available, or which might reasonably be expected to be available, on similar transactions to related entities on an arm’s length basis) to deliver the BFS this month or heaven forbid recruit people who have the required skills to get the job done, otherwise I forsee sub 20c by November. I am getting worried.