RMS 0.49% $2.05 ramelius resources limited

Fundamentals always win, page-73

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    $181 million in cash & scrip, minus $36 million that AOP had in the bank. Cost to Ramelius approx $145 million.

    For reference, Tampia was $113 millon , and Penny $184. (Correct me if I am wrong, please; those are just numbers pulled from slide 20 of the Sept 2021 Denver presentation.)

    The interesting comparison is that Silver Lake has invested about the same (actually a bit less to date, at around $100 million Canadian) in the Harte acquisition. Time will tell whether SLR's relatively-risky big move (assuming it closes, and we'll know by week's end if SLR got out-bid) works out better than RMS's more conservative one. I certainly don't know myself. 797k @ 7.2g/t P&P reserves, 81k hectacre claims, working mill, BUT it's bankrupted and 'confluxed' some pretty solid mining leaders, including Rene Marion who invested $25 million of New Gold's cash - and promptly lost it.

 
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