The market is pricing in the combined entity RMS/SPR = approx. $5.7b. The comparison between GMD and RMS is particularly interesting though, considering GMD aspire for 400ozpa while RMS imo have clear line of sight to 500ozpa, not to mention the grade therefore cost profile. Perhaps market doesn't understand how Checkers and Dalgaranga will be utilised? DFS and mine plan might be the needed catalyst to free the price (and torch the shorts).
RMS Price at posting:
$2.95 Sentiment: None Disclosure: Not Held
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