Hi Lordy,the presentation makes much sense to me. From mgmt...

Hi Lordy,
the presentation makes much sense to me. From mgmt point of view Ida is more or less done. Resource will be there, resource will be upgraded, BFS, development of mine starts. You can have some educated guesses on the size of deposit etc, the high grade zone may become an afterburner, but in essence they made their homework there. It was clear that there is something at Ida because of historical results. It appears that Ida is sufficient to run a company just on that. Good. Excellent, well done.

And now, Roessing comes into play. It was just a theory, which has proven to be true. It is all blue sky. It has potential for a bigbig thing. You can run a company on this as well, large scale. And yes RIO will look into this. I follow u here. For holders, this is the right strategy since todays conditions for raising capital are a bad for holders. So if you raise money through a JV whatever thing with a major, ist should turn out to be much better for holders in terms of dilution.


I personally like the slide 11:




Enjoy,
Pisa_