"A total of 36,270 tonnes was mined at Wattle Dam for the quarter from a combination of development and stoping ore. This comprised of high-grade ore totalling 29,591 tonnes at an estimated grade of 10.9 g/t and stockpiled low-grade ore of 6,679 tonnes at 1.7 g/t."
"Milling of the initial D block ore drive parcels from the 060 and 040 FW drives was completed during the quarter. In general, visible gold occurrences in these levels were less frequent than in the upper mine. Mill grades returned were relatively low, averaging 4.5 g/t."
2 and 2 says to me cash generation this quarter will be less than what we're accustomed to.
Triage money was made from the Dioro flutter at a rate of something like 60c cash per new RMS share. Yes, cash was made; but shares were also made. Given the cash received is below share value, in hindsight it was a bad move.
RMS Price at posting:
$1.30 Sentiment: Buy Disclosure: Held
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