Timmayd is correct, the reduction in Tampia resource was primarily because of the additional transport cost/increase in cutoff grade due to the distance to Edna May and less appropriate modelling methods. The earlier Explaurum resource was/is, if anything, more accurate. Mace was never going to be large, just juicy.
Until RMS release new resources, calculated with the current gold price, and any new data, they will run with what they have so that, as usual, they look better than expected when they mine, and you all go "aren't they clever!" (ignoring that they either optimised the pit on numbers you are not given, or they mined a sub-optimal pit) . Alternatively, they don't do as well as they SHOULD but hit targets anyway and no one is disappointed. That's their (and many others) playbook to keep shareholders happy. Better to be above than below forecast.
Smaller operators are, and have to be, far more transparent. They can't hide in the "not material" weeds.
RMS Price at posting:
$1.72 Sentiment: Buy Disclosure: Held
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