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Not bitterness just facts.-RMS 60 cents 6 months ago.-Terrible...

  1. unitfree2
    920 Posts.
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    28/04/23
    12:39
    Post #: 67504917
    Not bitterness just facts.
    -RMS 60 cents 6 months ago.
    -Terrible price RMS receiving for gold due to poor hedging
    -Edna May virtually no mine left and not/barely profitable
    -All the producing mines at RMS are producing the same as one mine ie Sunrise Dam ( 240,000 oz approx per year)
    -RMS a Very high price to produce gold, similar to Sunrise Dam which is 25 years old.

    Now anyone who has worked on a 20 plus year old mine knows that they cost $$$ to operate and it seems that some of RMS mines cost more to produce gold than many others
    Last edited by unitfree2: 28/04/23
    BRB Price at posting: 46.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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