RMS 1.79% $2.28 ramelius resources limited

Reads to me like Stage 3 is a dead duck, they just don't want to...

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  1. 12,043 Posts.
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    Reads to me like Stage 3 is a dead duck, they just don't want to say so.

    https://hotcopper.com.au/data/attachments/4862/4862846-db0e5fa8aee6213f0486d73ab74275e6.jpg

    So.... is it pending, or not pending.... what.png

    https://hotcopper.com.au/data/attachments/4862/4862850-0cf050d4300873e1cc0208189c526fba.jpg

    Why not be honest with the market and just say, its currently not viable, but if POG goes above say, 3000k AUD, we will re-assess.
    Though of course, this this means, that Edna Mays contribution to the production profile drops off a cliff in 2025 etc. Perhaps if they can get it into production by then, it will basically replace most of Edna, at a better AISC.

    Def a tricky situation to be in.
 
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