RMS 1.82% $2.24 ramelius resources limited

Ann: Resources and Reserves Statement 2016-RMS.AX, page-7

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  1. 12,036 Posts.
    lightbulb Created with Sketch. 6805
    I think it was a great outcome. I was actually surprised that they were able to convert 78k into reserves at Milky Way, which I am fairly confident will be expanded over time too. Which basically gives RMS another 1.5 years of base load gold. Couple that with the increasing amount of gold at Vivien and RMS is indeed going to end up with a 5+ mine plan within the the next 12 months (that is my prediction).
 
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