RMS have a good record of replacing reserves mined year on year - either by acquisition or by exploration
You appear to be completely ignoring the 7.6 mill oz resource (excluding Cue which has nearly another mill oz's)
Do you imagine Cue , Roe ,Rebecca and all those MM oz's are not going to convert to reserves?
....rather naive if you do .
let's assume an incredibly pessimistic 3mill oz conversion from 8.5 mill resource(Cue incl.) ....and let's assume (completely unrelisticaly ) that RMS discover not one more oz on all it's tenements .....then that 3mill oz corresponds to 12 years pf production at 250,000 oz per year .....AFTER ...the current reserves run out ....say 16 years in all
really don't have much patience with people with no knowledge of a stock and clearly no understanding of the industry
Ann: BMO 33rd Global Metals Conference Company Presentation, page-6
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