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3,394 Posts.
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30/12/11
13:34
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Last night gold went to as low as $1535 USD.
Based on RMS's feasibility studies Mt Magnet is economical based on gold being at $1,500 presuming they use AUD.
With Wattle Dam production ending at end of 2013, pressure for RMS to low for high grade low cost mines beyond relying on Mt Magnet.
We can assume RMS is still buying more DRM at $1.38 or under.
2012 will be a interesting year for us DRM holders.
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