Comparison comments I noticed post the quarterly brought out...

Comparison comments

I noticed post the quarterly brought out some misleading comparisons other IO companies performance to market without any regard to their size of resource and number of deposits, nearby access to infrastructure and access to ports. The various degrees of difficulty for each company projects is not accessed at all. Interesting the time to production of Alien Metals is exaggerated. Also interesting is the Alien Metals do don’t say on their website that they have started hauling and shipping ore. Alien Metals (UFO) market cap is only about 8.71 GBP which is less than A$16m.

As for Fenix Resource adding a new small deposit to their existing infrastructure and port space quickly. That should not be any surprise for a well cashed up company with existing infrastructure and existing port. Fenix has been a very successful company.

Do RH shareholders realise that suitable roads to support a RH road haulage operation did not exist until very recently with Phase 3 of the Red Dog Hwy sealing? You shareholders know that RD Hwy Phase 4 up to RH turnoff is far from being completed and construction is planned to commence mid this year? Have the conspiracy theorist ever thought of the cost to RH is they wanted to provide that road before the current WA main project? Maybe a reasonable estimate could be about $2m per kilometre? That is possibly about an extra $100 million on the project. Any thought about the time to complete such a project? It doesn’t happen over night. The excess road from the RD Hwy turnoff to the deposit etc would still be required costing millions of dollars (see RH PFS capex.

So RH will wait for the RD Hwy to be mostly completed to WA Main Road for free but have to wait for at least the road base is be completed before commencing operations. Make sense? Alternatively If would like to see hear the conspiracy theorists solution?

Meanwhile RH have proven up a number of deposits which is required to get the capital required for the project. Then we can get this probably well over 30 years project up and running.

Another upside to proving up the resource is the sale price, if indeed the project is for sale………

Yes, it has taken must longer than any of us like. WE KNOW THE REASONS. We cannot change the wasted years, they have gone. We can only influence the future.