As RMS did better than 1:1, I'd say they would be happy, and the most premium to the SPR share price takes into account the dip in the RMS share prie last week (otherwise the premium would be expected to be c. 20%+). As per normal, RMS has added a sizable cash component (cf MGV t/o in 2023). Whether the RMS share price fall last week was in reaction to the 5-Year mining plan or loose lips - well we might not ever know. Mark. Z was always going to get some sort of reaction showing a +A$3000/oz AISC + a refurb estimate for Checkers at A$100m on a slide. What might not be obvious is that RMS get is hands on a high-capacity gravity circuit with Dalgaranga - to boot. The sooner this combination in greater Mt Magnet happened the better in my view as SPR needed front-ending and now they have that with RMS ore. I expect this combined group to be a 500 oz pa / 5b+ MC power-house in the not too distant future
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