The "PENNY" has yet to drop for the RMS cheer team and the nearest higher grade under developed ore supply for MT Magnet is sitting 30km off the highway down the road.
The 10yr mine plan just announced at MT Magnet is probably not a bad move when there is a 15%? stake in said company being touted about in the media for nothing less than a buck?
Tooing and Throwing aside - That is what RMS do -buying higher grade resources close to a mining decision -the cheaper the development cost and the quicker they can hit the mill with the ore the better.
In this market,securing the ore supply via profit share is probably better than trying a takeover outright at maybe a market top.
15% would give them a say in the ores destination,just like WGX has just done.
Would they encourage a restart of the Dalgranna mill or just use MT Magnets plant,run one or the other and who really cares.
Why haven't they taken that option being waved in their face,they have the small change sitting in the bank as the RMS cheer team keep pointing out ?????
Don't they want it ,or is it "MAYBE THEY CAN'T" until November or until other circumstances change to allow them to.
That may also be why WB is so confident and assured,because he knows what we don't.
After all the same confidentiality agreement applied to Westgold when RMS was chasing Karora assets.
That seems to be the " beef "
IF It wasn't an issue for WGX that it continued,so why is it one for RMS - NOW - so quickly after the rumour of 15% being up for grabs.
DYOR + DYODD "The only certain thing is the profit or loss you make once you have sold"
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