RMS 3.85% $2.00 ramelius resources limited

That's how I read it Tangs. A lot more ounces that will...

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    That's how I read it Tangs. A lot more ounces that will constitute base load in the years to come, but...
    Just an example of how any major cuttback will require a lot of ore to be moved before they get to the higher grade core.
    Lone pine and Theakstons are at best neutral cost.

    https://hotcopper.com.au/data/attachments/6168/6168124-0be984f6c286155337dac4326b59a2f6.jpg

    The good part overall, is it gives RMS optionality, if POG stays high, they can likely justify a large cuttback, otherwise, they finish the current plan, then go U/G (though a lot less ounces).

    Shame about POGs turbulent moves, but... RMS still going to have an amazing quarter.
    I wonder if they will up the dividend? Has a duel benefit of supporting the share price, before any corporate action.
 
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