Ann: RNI Defines New Priority Drilling Targets, page-15

Beatty Park?? Used to swim there for inter-school carnivals! Set a few PBs and lightning fast splits in the 200!

Never thought I would see that name fall out of the RNI "priority prospects" tree from which so many other names have fallen prior! Will add it and "T10" in to the mix although running short of space. Thought Forest was the one and only priority prospect that limited funds would be made available for but doesn't appear to be the case. In fact, cash (debt having all but been drawn down) seems to be depleting across multiple "priority prospects". Hope they are all proven to be experts in the area of funds management in retrospect.

As SM states, it looks to be an expensive endeavor and somewhat difficult to reconcile available funds to exploration costs incurred and pending on the back of an envelope type exercise! Another inflow of funding from somewhere, anywhere would seem to be beyond any doubt and to be required within a very short time frame. Cost of funds, dilution, possible at all?

Wonder what new recruits Messrs McAuslane and Morgan make of all of this or perhaps that are better informed than us part owners. Did they do sufficient Due Diligence on RNI before signing up? The announcements on their involvement were very bullish and front foot in respect of "pending operations"

The level of SP support pre GM was significant even though most new that little in the "market sensitive" area would be divulged and then the support dried up thereafter, almost like the troops were rallied to provide backup just in case the market lost patience. To maintain order and perhaps avoid a nasty PR situation should the exit doors be swung wide open

Anyway, no one can dispute that they aren't out there looking even if it does sometimes come across all "scatter-gun" like at times. Forest has to be the money shot, surely and on that basis wouldn't you best apply all limited resources and capital on that basis to that prospect.

So we are essentially still no better placed on funding and resource identification and POG is in a world of hurt. Centre of gravity again comes back to FG/W/BB and Funding imo. Nothing too complicated about that synopsis.

Rabs, on a side note, if in fact the Cott ocean pool is heated as they are proposing, you will no doubt get some relief for the ailments of age that you regularly confront and perhaps the odd Water Aerobics class provided free of charge by the good people at WA Health. You must be excited by that prospect!