RMS 1.59% $1.92 ramelius resources limited

Ann: Life of Mine and Tampia updates with conference call info, page-198

  1. 57,355 Posts.
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    More than just a red flag NV.


    The whole "internal" review is absolutely contrived and does not compare apples with apples.


    To justify the MD's blind preference for trucking, the ASX approved EXU resource was artificially downgraded apparently by the internal RMS lackeys.


    My guess is that they will soon high grade Tampia and truck only a fraction of the overall oz's to EM to justify their expenditure on the plant and to cover its hunger for feedstock.


    In the fullness of time, I believe their decision to truck will be exposed as a bad mistake once the correct resource is corroborated and additional oz's are exposed in Mace and anomaly 8 let alone the latest infill drilling of Tampia (a fact they seem to have overlooked).


    There's more to this story to unfold I'm sure.

 
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