Ann: Penny Gold Mine Update, page-15

Hey tangs,

In the past, RMS used to extenuate that Penny was open and likely to grow, now.... not so much. Plus, see all the grey circles. N/A holes.



All good @wassa, I need someone to keep me on my toes!
Without doubt, my portfolio is now 50% just from the Murchison (not quite spreading my risk, but... when both WGX, RMS & SPR have outperformed almost everything else in my portfolio). Ha, I guess the extra $100m could be used for all sorts of things, less exciting maybe... pay for most of Stage 3 Edna (but I doubt it).

I still think RMS paid too much for Penny, but... lucky for them, POG has almost doubled!

Either way, the extra ounces are going to enable the company to undertake 'growth' opportunities. Just wait and see the new LOM plan once MGVs T/O is finished, as Mt Magnet is likely to be producing close to 200-230k ounces p.a once the high grade pits get mined.

Good luck to all holders.