re: Ann: LTR: Ramelius Resources Ltd withdraw... Pulling out of the Mount Windsor JV looks a good move in these markets. Hopefully RMS will continue these cutbacks and think in terms of production at Mount Magnet. Costs over $1,000 per ounce are unacceptable in any gold company in these markets and below $800 has to be the target.
All producers are helped by the falling Aussie and AU$1.20 to the greenback would be a Saviour for those struggling. With the mining picture, political shenanigans and world outlook that rate should easily come about - maybe AU$1.35.
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