RMS 6.54% $2.28 ramelius resources limited

Hey SpecThey could commence stage 3 at EM, with underground...

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    Hey Spec

    They could commence stage 3 at EM, with underground continuing. Its a huge cut back that requires significant preparation. So a good deal of it can be in tandem.

    Agree more focus on underground. They have plenty low grade base feed. Margin is the aim of the game.

    As for SP, yes disappointing. Thats why I think the dilutive M&A game will only really get going when Penny ore is pouring into the mill and assuming the SP will kick up then.
 
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