A great presentation with a very clear picture of what RMS is aiming for, except....
The bit about being a 150,000 ounce p.a producer. Slide 6 clearly shows that at current grades, we won't hit 150k. So.... we are missing a piece of the puzzle. Perhaps Vivien ore volume can be increased? (but I doubt it). So the logical addition RMS is looking for is an acquisition.
This slide annoyed me, as I could not help but go back over all the posts and info I and others have shared on the RMS threads about possible deposits that RMS might buy. They keep mentioning acquisitions, have done so for a long time, yet nothing to date.
They obviously already know what they are going to buy. So why wait? I just don't see valuations going down. Although I must admit I think RMS has missed some opportunities over the past 18 months.
Anyway, with RMS able to truck ore over 300km, and it only costs them 0.7g/t, they really only need a deposit with grades of say, 2.2g/t and above to make further trucking viable. RMS have proven it works.
I do have to wonder though, does RMS really need to buy more deposits? (although if there are ones like Kathleen and Vivien available, I can very much understand) As others have discussed, the presentation clearly shows they have other U/G deposits available, so why not drill/develop them? It would provide huge optionality ore wise and make it easier to balance out ore movement between Vivien,
Say they developed Morning star and were able to get say, 40k or 20k for 2 years, that would then allow St George to be slowed a little, evening out the production profile, or allows RMS to get a lot closer to 150k ounces P.A.
Finding it very hard to understand why RMS is so cheap.
RMS Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
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.
(20min delay)