RMS 1.90% $2.14 ramelius resources limited

Ann: Edna May Stage 3 PFS Update, page-11

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  1. 3,183 Posts.
    lightbulb Created with Sketch. 835
    Agreed they have ~12-18months to find another nearby satellite deposit justify Edna's continued operation (beyond 2025)..... well that or gold goes to All Time Highs this year that significantly improve the project financials and they lock in some forward hedging to protect themselves for the extra costs to execute Edna Stage 3..... at this stage at least some period of Care and Maintenance for Edna is the likely outcome.
    But hey ho... at least there is ample time for management to plan and execute a growth strategy for beyond 2025.
 
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