Ann: Rex successfully completes A$8M Placement, page-36

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What we've effectively got is a short list of two candidates. Plus a number of other applicants not as qualified. I would expect the deal get done with one of those two which and price will have an impact. Even if it doesn't we go
one of the others but have to pay more for debt. If I had to translate it into $ and noting Cu price weakness and the AUD USD rate. I'd say 87 c/SH target for RXM one of the two partners and 60's if not the case.

Personally I'm up for the $ 1.00 target 5 years out but you can see how much easier that would be if we execute on the route that has been taken.

All IMVHO.