Ann: Ramelius enters into new $A175M Revolving Debt Facility, page-9

Absolutely beautiful numbers!

Not sure we need a debt facility buffer, RMS is absolutely rolling in cash. But we do have some decent development projects coming up which this facility shores up, and Zeppy is the king of conservatism.

I only just read about the Never Never exploration target, even though there’s already 1Moz at nearly 6g/t the additional target is another 1.6 to 1.9 Moz! And the plant and infrastructure is already there, no big capex!

Add to this, the Roe Rebecca development will easily be funded out of cashflow (now where is that feasibility study?)

And possibility of EM stage 3, again with prestrip easily funded out of cashflow)

And further growth at Mount Magnet through the drill bit. no plant expansion required with Dalgaranga mill nearby?)

Enviable growth options, better than any other mid tier I can think of.

I love owning RMS.