RMS 1.29% $2.36 ramelius resources limited

"...acquiring Mt Magnet for $40m. I remember at the time there...

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  1. 22 Posts.
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    "...acquiring Mt Magnet for $40m. I remember at the time there was a lots of worry that the company had bitten off more than it could chew and that it had overpaid for the asset"

    And since then Magnet has produced > 1 M oz and found the > 1M oz Eridanus right between to 2 old pits (which were actually the edges of it on both sides). And Spartan just found ~1M oz right next to their old pits. And then Spectrum at Penny found another bigger vein right next to the old one, just a bit deeper. These old gold fields aren't explored enough because of overly-budget driven mine managers who don't look what's outside their 'assigned' pit. Then someone else comes along later and does. What do you reckon they find something new at either Roe or Rebecca in next few years, perhaps just on the side of the planned pit?
 
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$2.36
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