RMS 4.18% $2.00 ramelius resources limited

What’s happening at Tampia, page-535

  1. 132 Posts.
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    If you are talking about the initial resource release, I have to disagree. The coarse gold issue SHOULD be dealt with in the stats and estimation. That's the point of doing it properly. I haven't gone back and looked, but the overall grade is more a factor of cutoff than grade spike. The higher the price of gold, the lower the resource grade will be. For obvious reasons. The closer to the surface, the more low grade will be viable.
    I would expect the RMS extraction to get a higher grade (because they are using a higher cutoff for trucking), but not more ounces, unless they drill more area. But, since they don't tell us where they've drilled.......

    Although I agree they probably rushed it out. In the middle of a hostile takeover, there's not a lot of choice. It is very material to a company the size of EXU, in terms of financing etc, but not so much to RMS.

    Last edited by ROKCHICK: 15/07/21
 
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