Overnight a Big drop in GP partially offset by USD strengthening. At 29c, Lake Roe is valued at 15M$ taking the cash out of the equation. Rebecca 40km away and smaller was paid 120M$. RMS has an opportunity to average down its investment and derisk it with some very cheap ore. Just the starter pit is very shallow and 80k ounces with an AISC of 1000$ ! The maths is very easy…Let’s see how this game is played along
BRB Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
