Ann: 2023 AGM Chair's address and MD presentation, page-3

Hmm...
Nothing changed... and other than leaving out the mixed score card from the last presentation.....
RMS continues to sit with 950k in reserves, or half of WGX. Low non-sustaining capex in FY24 currently, but... hmm pretty sure 2025 is going to be very different. MGV will cost approx $30m to get started (begins in FY25, which I assume is to marry the wind down of Penny high grade).
Potentially Hill 50, Eridanus.... Plant upgrade? and...
At a snails pace, Rebecca/Roe which could cost $200-300m+ (just my estimate, and that is including everything... not just the rosy headline figure, as a lot needs to occurring before.... first dirt is moved). Of course, my continued bug bear is Edna.. which was not mentioned at all in regards to Stage 3 still being potentially on the cards.



I wonder if RMS will try for one last acquisition before Tim leaves?



I guess if nothing else, RMS has shown great restraint in not just paying over the top for whatever they have obviously been angling for... year after year.

Oh... and no inclusion of the 3 year production profile of the company included. Because... it would have to show Edna Producing zero ounces in FY26.