Ann: Ramelius delivers 10 Year Mine Plan at Mt Magnet, page-10

Pretty sure the idea was to have this released before any sort of deal occurred with Karora, but.... out of RMS hands I guess.

Lot's of positives, with most of the cash generation stacked at the front of the mine plan. Impressive cash build occurring right now.


I think this graph is pertinent though, with a huge amount of ounces not in reserves.



I like that RMS is putting it all out there. They have to with Edna to end. Acquring the CUE assets was a master stroke with it enabling them to get a sugar hit combined with Penny (which they will attempt to then use their script to acquire a better asset, like Karora's).



Having the higher production also mutes the hedging which is still... substantial, but decreasing later this year.

So what will the market do...? They know RMS is going to print a lot of script, but... the are likely to make a lot of $$ in the next 2 years. Plus, they will become a single plant operation.

Not sure what I can take from the Eridanus U/G... which could turn into an open pit with a strip ratio of 11. It would bolster the long end of the production profile, but cost... well, at a guess $60-80, which RMS don't want to do right now.

Good luck to all holders.