Ann: Investor Presentation - April 2016-RNI.AX, page-58

On a more optimistic note, $AUD POG @ $1728!

I remember a time when a certain RNI feasibility review assumed an initial $1450, later decreasing to $1400!

A lot of daylight between those numbers! What might have been had funding for Grosvenor been secured and gold production kicked off as planned. SP would be super healthy about now!

Seemed very doable at the time. Permits and Plant were in place, kickoff imminent but sadly no ignition. Did we SHs get the full story as to why no takers at the time? Was it Board/Management concerns or something else lurking?

Now we watch as others better prepared and organised make hay while the sun shines instead.

Disappointing but is what it is. The sketchy end of the market often leaves trails of value destruction, nothing new there.