Nothing too exciting and disappointed David 25 wasn't there to give a few pointers.
Wattle Dam :- A few delays in getting the ramp to the base of section D accounts for recent low grades through Mill, however stoping ore from Section D now being mined and results in first quarter 2012 will be much better,
DRILLING below current base not shown good results so far but optimism they will.
MT magnet :- All according to plan, first gold early January, if all goes well and gold price keeps up , Mill will go to 2.4 million tons p.a. during the year . Worst case scenario 1.7 million tons (Approx. 150,000 tons per month) from January at 1.5 g/ton =225,000 g/month (Approx. 7,000 ounces) at $1,700 per ounce another A$11.9 million per month to add to Wattle Dam's A$ 10 million per month if production is only about 70,000 ounces for the year. These are VERY GOOD figures.
For those who can handle a bit of cautious optimism just do those figures again BUT ASSUME 2 grms/ton from Mt Magnet and the Mill putting through 2.4 million tons p/a. Then assume Wattle Dam will actually produce another 100,000 ounces for the year not 70,000. THEN!! if you are greedy imagine the gold price goes up just a little bit, ANY INCREASE is all profit. I personally thanked management today for wrecking the share price, so that really greedy people have yet another opportunity to grab some more cheap shares
- Forums
- ASX - By Stock
- RMS
- agm
RMS
ramelius resources limited
Add to My Watchlist
4.22%
!
$2.47

agm
Featured News
Add to My Watchlist
What is My Watchlist?
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.
|
|||||
Last
$2.47 |
Change
0.100(4.22%) |
Mkt cap ! $2.863B |
Open | High | Low | Value | Volume |
$2.38 | $2.48 | $2.37 | $14.96M | 6.153M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 482 | $2.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.48 | 356679 | 57 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 50514 | 2.470 |
28 | 166662 | 2.460 |
24 | 224957 | 2.450 |
22 | 194025 | 2.440 |
15 | 168342 | 2.430 |
Price($) | Vol. | No. |
---|---|---|
2.480 | 319769 | 41 |
2.490 | 178998 | 18 |
2.500 | 182971 | 22 |
2.510 | 325391 | 10 |
2.520 | 51401 | 9 |
Last trade - 12.45pm 08/07/2025 (20 minute delay) ? |
Featured News
RMS (ASX) Chart |