Reposting from the Rox thread. VMC have an equal share with Rox...

Reposting from the Rox thread. VMC have an equal share with Rox so relevant here

It is interesting to compare big gold and junior gold economics.
In the Webinar Alex says they need an additional 800k oz au
How much do Ramelius (RMS) need to start mining at Younami?
Just 50K oz au or even less.
Their new mine (apart from Penny West North) is Magenta, a 50K oz au gold reef just north of Penny West
Next year they will scoop out an open pit and truck the contents to their Mt Magnet mine
The Magenta Reef gold is shallow, oxide free milling and very cheap to mine.
There is almost zero capex because RMS already have everything they need for Magenta.
Their profit will be about $2K oz or a total of around $100m
To Ramelius the relatively small Magenta project with be worth almost the entire market cap of Rox.
All Venus/Rox resources are worth much more to Ramelius and they can be exploited quickly in a high price of gold environment.
They won't be lending us a hand by toll milling our ore at Mt Magnet.
The higher Venus/Rox costs the cheaper the TO price will be.
Next year RMS will be building their underground Penny West mine and starting their Magenta Reef open cut mine.
It won't be long before they own everything at Younami.

follow up post. Thanks Mr Au
We just had an announcement and a very good one. The grade and strike length of Taylor's is impressive with geology matching Penny West (not Grace as has been posted). The market yawned?????? I bet the geos at RMS paid close attention.