RMS 0.79% $1.91 ramelius resources limited

Ann: June 2024 Quarterly Activities Report, page-23

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    Hi @speculator101 , hard to know what they will do with the likes of Rebecca Roe without seeing a PFS level study.
    You'd assume it will be a mine camp one day.
    The question is when?

    In regard to Edna May, who honestly cares.
    We both knew this was the likely outcome years ago.
    It will probably be packaged up with a royalty/legacy payment structure and sold to an aspiring wannabe miner.

    The main event always was and always will be Penny/Cue/Galaxy.
    With three high grade mines in operation, Mt Magnet will spit out cash like a slot machine.
    I also don't buy into the concept that Penny and Cue have an overly finite mine life either.
    Penny mine life will likely be extended once the drill bit reaches the lower extremities of each orebody, the Cue region needs plenty more drilling to flush out more of the good high-grade dirt. Who's to say RMS won't eventually find another Penny style repeat along strike of the existing mine?

    MZ, get drilling like a madman whilst that cash is burning a hole in your pocket.




    Last edited by Joelstar: Yesterday, 16:02
 
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