Its not that I look at RMS with a fine tooth comb. Quite often you can look at companies very hard and never discover they have issues until it's too late.
They have not published any real resource with a thorough backup feasibility study. They purchased Mt Magnet from Harmony gold and from word go seemed base their mine plan on the drilling results from Harmony. To my understanding Harmony let this go because it was so difficult to mine and the grade was inconsistent.
If you are mining an area and the grade does not represent the drill results, when do you stop and change your mine plan. It can become very expensive.
RMS Price at posting:
93.0¢ Sentiment: ST Sell Disclosure: Held
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