Soon?, page-15

Oh Szaba, you do hit us with reality!

Hope (apparently) still springs eternal. Some of my hopes are:

- the overwhelming sentiment seems to be that Cu is going to be well above US $3 in the not too distant future and it would seem a fair punt for financiers to invest now and be in production when the Cu price rises to forecast levels.

- maybe expert forensic examination of capital and operating cost might make sub US $3 more acceptable as exemplified by a recent Ironbark (IBG) release
"One of Ironbark’s strategies is to minimise the capital costs of the project. The Company is in discussions with parties with regard to contract mining, lease hire and Build Own Operate (BOO) opportunities. Specific key capital items that are potentially open to off balance sheet financing/ownership include the Power Plant, the Mining Fleet, the Processing Plant, the Ship Loader and Marshalling Yard, and the Fuel Farm. These could potentially reduce the capital costs by up to US$150M and would form part of the financing."

- but perhaps more importantly, Rex management acknowledge concern and really do look hard at their cost structure while ensuring that progress is made towards increasing SH value.

Hopefully yours....