A great report with a first read.No surprises that I can see. I...

A great report with a first read.
No surprises that I can see. I note the RMS team are becoming very deft at minimizing anything to do with Edna May, I have said for.... bloody ever, just rip the band aid off, but I guess it plays to their hand to have Enda May still running in the short term.

Pretty sure this table does not screen - Stage 3 is a goer!



Or that there was zero exploration spend on Edna May.

Underground at Edna has now stopped.



Symes had finished.



Unless something dramatic happens, Edna will go onto C&M in Jan 2025.


Some good exploration results across all of the other assets, except for Penny (supposed to be undertaking U/G drilling in the near term).

Cue results look really good, though they don't really give any commentary on what they might mean to the current MRE, or future plans.
The only question make I have for Cue in the next 12 months, is will the grades match MGVs MRE.... hopefully yes.

Galaxy looks great too. Looks like it will start increasing in grade now that they have reached the "operational phase".



Eridanus.... looks like it's coming to the end of it's Stage 1 production, so.... what is RMS going to do? I really struggle to think they won't go for a major expansion to the pit (they have hinted at 500-600k extra ounces versus the U/G).


Guidance is impressive, but... the challenge is, after Jan 2025, RMS becomes a single operation producer.

MZ has hinted at some major news to come, well.... I guess if I was trying to be savvy, I would link together Eridanus open pit expansion with... official news of Edna May going onto C&M. Hopefully I am proven wrong and MZ and the team have come up with a hail mary solution.