Peter Nicholson knows all about low grades and poor recoveries. The company where Peter was employed RCF in which they were investing in went into administration due to poor grades and poor recoveries. Unfortunately even though he was aware of the problem he did nothing about it until it was too late. RCF lost $100's millions. This is a fact
This is FACT
https://www.mcgrathnicol.com/app/uploads/D14-200218-MZIRRES01-Circular-to-creditors-JF.pdf
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