EXU 0.00% 17.0¢ explaurum limited

There is more value for RMS than that. If the Mace ore is...

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    There is more value for RMS than that.

    If the Mace ore is amenable to blending with the EM ore then they could in theory blend with the stage 3 EM ore which would allow them to lift the grade and develop that pit and hold their status as a 200koz producer for much longer (I need to do the sums). The Tampia deposit, Taregt8 area and broader Tampia Gold Project then just become icing on the cake for the future. ie RMS could keep exploring and drilling the Tampia Gold until it gets to a stand-alone. Once Mace and the EM stage3 ore is exhausted they could move the EM mill and rebuild it at Tampia. Then the future for RMS rolls on. I think this is worth a lot more to RMS than they are offering. Maybe they’ll need to throw in a cash sweetener of a few cents. Esh
    Last edited by eshmun: 10/09/18
 
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