RMS 1.30% $2.27 ramelius resources limited

Ann: Financial Results for the Six Months to 31 December 2021, page-36

  1. 40,946 Posts.
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    Tel , I had a look at that Harte project .
    That ground certainly looks prospective but it is complicated and difficult and the previous owners couldn't make it work .(why they sold)
    Little problems like the tailings freezing over and costs not able to be controlled in the extreme weather .
    Perhaps you are right yet but this is not a "no brainer " . it's a complicated proposition where devils is in the detail .
    Haven't so far been able to find any detailed info involving cross sections and would appreciate any info you have .

    You mentioned the low grade at Apollo but of course if it's open cut and has a good strip ratio can still be mined with a fairly low AISC and it's far , far too simplistic to think it's inferior to Harte based solely on gade .
    Cutoff grade for Sugar Zone being u/g might be 3g/t whereas at Apollo cutoff likely to be 0.5g/t as open cut such a much cheaper operation than underground .
 
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