RMS 2.73% $1.87 ramelius resources limited

mining news on burbanks plant, page-9

  1. 82 Posts.
    Maybe I am missing something here but using Neil's figures from above we can process 4.5Mg a year with the current plant which is much more than the 2.4M you say justifies current price........

    Plant processes 15000t/month

    Average grade of 25g/t recovery

    = 15000 x 12 x 25g = 4.5Mg per year

    So going by your theory RMS should be valued at a lot more than the current price.
 
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