Hi trend, I personally feel I have done a hell of a lot of research, I also like to try and look past what is being said.
This from last month from RMS.... the numbers are pretty clear. RMS will put Edna May onto C&M late this year (my estimate), then will only be producing from Mt Magnet (that is why they only put out a LOM plan for Mt Magnet).
Without doubt, RMS could indeed modify this mine plan with further additions, but... that costs $$ and right now, RMS is trying to portray to the market that they are not needing to spend much over the next 3-5 years, yet... still imply they have the option of Eridanus larger open pit, or Hill 50 U/G as growth options that won't actually cost anything to undertake. I fully respect that RMS is playing their 'hand' the best way they can, it's what they should be doing for it's shareholders (which I am one).
@wassa - we are all biased... I have never ever implied my post are 'investment grade' nor ever will. I would sincerely hope that all who ready my posts know I am not a institutional investor, nor am I a geologist nor a miner. Fair enough you don't agree with my thoughts, but I don't see the need to call my views idiotic. Anyway, I continue to wait and see what RMS will uncountably offer WGX shareholders once the T/O panel updates the market on whether they plan to do anything.
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