My sincere belief is that there will be a new partner introduced...

My sincere belief is that there will be a new partner introduced soon.

The new partner will be a miner with a decent checue book.

The minute this project looks like it has some serious funding, the quicker the old RCH share price will rebound.

The one thing the market can't rip from our hands is the shear collosal value of the project.

fter reading what the other Moly miners around the world are doing, I'm sort of becoming a fan of ripping the high grade core out and assuming the project is finished although of course there is a mountain of lower grade ore left to mine if the numbers dictate.

Fortunately the high grade core at Toli Toli is almost completely mineable by open pit and accessable without having to dig out the low grade material first.

I've assumed a capx of $750M but this is probably way over the top but with capx costs continually rising, you need to be conservative.

f it wasn't for the high grade core this would be just a "good grade" project and nothing to really get your juices going. But 55Mt & 0.17%MO is over 3 times the grade of something like Moly Metals and 85% of the other Moly projects. Its what makes this project sing, why deals can be done at a corporate level. This is the weak link in the chain at the moment. We dont have serious funding available yet, to allow the project to be progressed at a reasonable clip.

Once this is sorted she should start her climb back from hell.