RMS 4.67% $1.91 ramelius resources limited

Ann: September 2021 Quarterly Report & Bartus East drill results, page-33

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    Mt Magnet has the big low grade ore, and one day a super pit. I'd rather delay this as much as possible at MM, and the mostlikely next cab off the rank will need to be Edna May cut back. But even with this, you want to kick up the grades by supplementing with trucked in high grade ore.
    With GCY, its a great mill. They really stuffed it with scheduling and got caught out, that's the issue. The low grade area its in, they didnt do their homework. Now they have an ongoing concern that needs to be fed, but now they have to do their homework for the low grade feed. Thats where the capital will be burnt.
 
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