Ann: Half Year Report - 31 December 2020, page-57

The gold price environment is different, the focus on gold as against antimony is different, the management is headed by mining professionals focused on cash control and funding from cashflows. It's great that somebody else spent millions here previously - puts RVR in the box seat as they won't have to. We'll soon know that the end result will also be different to any past operators. Will they have issues along the way - undoubtedly. One step at a time - just get some money from the Baker's Hill stockpile.

It would be rather difficult to find another asset with Hillgrove's infrastructure and ore reserves for what RVR paid for it. Worse case scenario (not expected) is to offload to another party for a premium.

Regarding Thalanga - limited ore reserves??? - Liontown hasn't even been started on yet and plant running well below capacity. Let's wait and see how the numbers stack up once Thalanga is at full capacity or pushed a little harder like around 20% over. Then there's always further drilling and ultimately repleneshing resource levels.