Ann: REx signs Letter of Intent with Nittetsu Mining, page-30

Agreed, of course. Hillside is ages ahead of Chapitos. Just wanted to point out that Nittetsu as of yet is not putting all their development eggs into the RXM basket. And don't forget that their deal with Camino is a definite agreement. Whereas Rex so far got nothing but a non-binding LOI. That's one year after the Hillside FS and reserve update and - according to today's NR - after "comprehensive due diligence by Nittetsu".

We'll find out soon I guess. Seems to me the good thing about today is a potential partner now actually being named and that this partner is to a large extent already past the DD phase. Should Nittetsu mean business the non-binding LOI days will hopefully not last for long.