My understanding regarding quarterly reporting is mainly for...

My understanding regarding quarterly reporting is mainly for exploration companies.The ASX profitability test and for s/h transparency is that if you are burning money and not earning money then quarterly reporting is a requirement.(which makes sense).RDG is already making profits.

When good projects come across Min Res desk (or any other major group - like a Wesfarmers for example) if it doesn't meet the Min Res criteria to invest ,then why give the project a way when you can benefit from a smaller more "nimble" company setup and structure?

Industrial garnet is an opaque market.Drivers are sand blasting industry(global) and water-jet cutting industry,also global.
Sandblasting also is environmental and this is where garnet comes in ,very hard and clean to blast with.

Sand mining cost per ton,generally is 100 to 150 per ton
Garnet is predominantly sold in USD
Blasting demand also heavy driven by energy demands - oil and gas - production and annual maintenance
Waterjet cutting - is driven by manufacturing and hi tech industries --ie a waterjet cutter cuts any type of material - try you tube to see what i mean

Sandblasting or waterjet cutting garnet per ton typically sells for USD 450 to USD 550 per ton and sometimes more ...so margins are there ,just got to produce it (which cant be far away)

either way -- opaque market for garnet as pricing is a contract basis --but ..."the need" is daily and global supply is in shortage.
Shipping and logisitic will not be cheap currently

RDG has brought a 40 to probably 50 year cashflow where sustaining capital is very low as these plants typically can last 50 plus years if looked after and maintained ...its simply water and sand separation ,then drying and split by magnets into products and then screen sizing and bagging.

if they produce 100 to 150 ton first couple of years ...the margins are there
Size of both markets (if supply is consistent and not have to use substitutes due to lack of supply) global market size is circa 2 million tons per year with only a handful of alluvial garnet producers.

your buying a 50 year sustainable cashflow on a very rare alluvial garnet asset i reckon