no obstacle too great, page-8

Great post RobM,

Yes you would think some recognition in SP would be expected by now buy hey the market is a silly place some time. OH WELL time to top up up up!!

Given the operational hurdles and red tape the poor RES mgmnt team have had to jump through they prob havent had time to beat the drum and roadshow/promote the hell out of the Boikarabelo Project.

But make no doubt about it once the final contract is locked and loaded and the project finance mandates start to get tendered out (I assume citi will be lead debt fund managers and general corp advisors) the visibility of RES within the capital marketplace should be enhanced significantly.

Remember they have a $800m capex bill split 50:50 roughly debt:equity so i can see a 3-4 bagger before we price and issue more equity. Once debt funding is in place this project is GO GO GO ........ and SP will react accordingly.

THIS IS A BIG PROJECT - BIG CAPEX, BIG FREE CASH FLOWS post construction .... even bigger mine life