RMS 6.54% $2.28 ramelius resources limited

Ann: Resources and Reserves Statement 2019, page-3

  1. 40,310 Posts.
    lightbulb Created with Sketch. 508
    Fairly much as expected I think .

    " Given our exploration spend remains at Company record levels of approximately A$20M for
    the 2020 financial year, we are looking forward to Resource and Reserve conversions at
    our exciting Eridanus, Vivien, Edna May & Symes Find projects whilst looking to grow the
    baseline Reserves at both Marda and Tampia as we come to fully understand their true
    potential.”

    So left room for an upgrade of their cautious figure for Tampia .
    The longer the A$ GP stays as high as it is the more likely they are to make calcs. based on a higher GP assumption too .

 
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