No arguments about Edna May, but RMS holders will know that RMS are very skillful in finding additional resources at Mount Magnet (they have done this for years). They have a decent exploration budget and Mt Magnet will likely keep providing new resources for years. They'll also likely pick up some nice stranded deposits to provide higher grade as well.
Not that long ago they had a 3 year LOM plan for MM. Now it's 10.
And if you're banking $150m plus a quarter then you've also got some options up your sleeve.
Ann: OAU: Westgold Strategic Alliance and Placement, page-45
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