1. Its been said by the coy that Wattle Dam is Australia's lowest cost mine, supported by the coy net profit to 30 June 2010 ($21M).
2. Recent deep drilling shows that the high grades extend much lower. How much? Thats what the current Wattle Dam drill program will show. Results to date look good for more to come, from memory there even 1 m hit result at 800g/t.
3. Mt Magnet was bought because RMS management think they can add significant value. The Mt Magnet drill program underway now is planned to add high grades to the existing (currently viable) seams to improve that margin.
4. End goal is 100K pa then move up to 200K pa by 2014?
5. Management have a good track record in achieving their plans.
RMS Price at posting:
83.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)