resource much larger than 83000 oz

There are two reasons that this resource estimate has greatly understated the resource.

1. Only covers part of Wattle Dam

2. more importantly, these were based on cut grades. I've been through past drilling results tonight. By accepting cut grades they understate the total resource pointed to for the high grade zones, which hold most of the resource, by about 75%.

Cut grades are used in estimation for very good reasons - it stops the situation where drilling goes through a very narrow band of high-grade mineralisation from causing a wildly too high estimate. This is fine where much of the resource is from one band. In RMS's case there were many bands of very high grade mineralisation indicating that these are not misrepresentative of the resource but actually represent the true nature of their resource.

If one multiplies the stated result by about 3-4 to account for this you get a likely resource of over 250,000 ounces - and this is only for a part of the total resource of one mineralisation zone out of several.

Allowing for this they should reach their target 75,000 ounces per year over a three year life, and likely exceed this as true realised grades will be higher than predicted, and success elsewhere in Wattle Dam or nearby will extend this time frame considerably.