Comments from Chairman 2016 Annual Report : "Timing of the...

　
Comments from Chairman 2016 Annual Report :
"Timing of the recovery of commodity prices will be a material factor in the timing and the structure
of the financing of the Hillside Project. This uncertainty in the timing of a recovery reinforces our view
that completing the work to ensure Hillside project is "Shovel Ready" is crucial so that we are able to
capitalise on the recovery when it comes."

Does this comparison go a long way towards a recovery situation.
Iron Ore January 2016 $39 Iron Ore November $79.00 (plus $25 tacked on being 67% grade which
we have therefore $104.00 )
Gold steady around $1300 for period
Copper January 2016 $4540/t Copper November $5900/t
　
Not sure if the figures represent a true recovery but China wants to get growth around 9%
and Trump wants to update USA Infrastructure and if that is correct Commidity Prices
will recover and should improve further from November figures.
So I hope the Rex Directors are now taking this into consideration.