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$2.33 ramelius resources limited

Ann: June 2020 Quarterly Activities Report and Guidance, page-103

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03/09/20

01:55

Post #: 47040328
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Originally posted by speculator101: ↑

Hi Alba,
I actually think if such a phone call was ever to happen (which it cannot, since its been almost 3 years since the paperwork was signed), then it would be EVN called RMS, saying, um, yeah, you know how we sold our old plant to you, when the AUD gold price was sitting at $1650 (yep, $1000 less than the spot price), well.... could we hit you up for, perhaps another $200-300 per ounce produced from the stage 3?
Edna May was a play on a higher gold price, and... it has paid huge dividends (or will, pardon the pun). The 500k+ ounces that will be unlocked by the Stage-3 open pit development, as stated by RMS, will enable Edna May to have a 10+ year mine life! If the AISC is $1500 AUD, so what.

As I read the purchase agreement, the royalty actually decreases if they undertake Stage-3 ($60per ounce, instead of $100), which, I personally think is almost a given now. RMS does not need to buy any more assets to bolt onto Edna May, it has the gold sitting beside the plant. Plus continued exploration.

Perhaps RMS should just merge with WGX, run their 3 mines properly and give SAR a run for its money (very left of field idea, but.. how can I not speculate a little..)

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...and MLX.

RMS Price at posting: $2.13 Sentiment: Buy Disclosure: Held
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Last $2.33		Change 0.045(1.97%)		Mkt cap ! $2.669B

Open	High	Low	Value	Volume
$2.28	$2.33	$2.28	$4.390M	1.898M

Buyers (Bids)

No.	Vol.	Price($)
80	177065	$2.32

Sellers (Offers)

Price($)	Vol.	No.
$2.33	128286	41

View Market Depth

No.	Vol.	Price($)
76	160678	2.320
36	161412	2.310
30	152623	2.300
15	125565	2.290
12	58286	2.280

Price($)	Vol.	No.
2.330	129443	42
2.340	184227	33
2.350	165178	26
2.360	166014	15
2.370	26909	6

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