RMS 2.14% $2.39 ramelius resources limited

re: Ann: Additional High Grade Gold Intercept... I am not unduly...

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  1. 34,325 Posts.
    lightbulb Created with Sketch. 1927
    re: Ann: Additional High Grade Gold Intercept... I am not unduly concerned that I was informed Mt magnet was a bad purchase for RMS
    A DFS should determine the viability or otherwise of the project.
    However there are a number of small cap goldies with potentially world class projects that could be easily purchased by RMS for that matter RMS could also go for someting outside of gold or a gold polymetallic deposit to hedge its bets.
    Look at what IAU is doing by going into Indonesia for example it is cashed up and able to get into a world class project, RMS will be able to do the same in 12 months.
    SInce the GFC as we all know finincing is a lot harder making companies like RMS so much more valuable with their ability to sequest cash and use that cash as leverage when going into a jv.
    Sorry if this is rambling the tawny port is taking its toll.
 
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