REZ and contractor Lamington Minerals have completed technical...

REZ and contractor Lamington Minerals have completed technical studies at Goodenough for processing 179,000 tonnes of open pittable ore (head grade of 1.71 g/t au) for recovery of 9,800 ounces of gold. This ore has the $88.80t ASIC attached (17 October report). Maranoa had 4 costeans completed in early August, with testing for leach kinetics, column leach tests and optimum crush size defined. IMHO the recent director funded $600,000 advance takes into account the results from this testwork and negotiated contract pricing for Maranoa to process 5,000t at 4.5 g/t au recovered. I stand corrected on this point, thank you for pointing this out. It appears that IMHO going forward, REZ has completed technical and financial arrangements to launch into a program to (vat leach) process 5,000t at Maranoa, and on succesful completion, launch into a tenfold increase incorporating a blend of Maranoa and Goodenough ore. Waiting on news from REZ to conform this. IMHO REZ is extremely undervalued at 1.5 cents. We also know (from technical studies) that the shallow nickel resources at Springfield are leachable (using Lamington again). The market accords no EV to this potential (very low cost) fast track nickel potential.