Ann: RMS:Ramelius announces improved best and final offer for EXU, page-27

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13/12/18

15:11

Post #: 36849225
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Originally posted by tangs ↑

Originally posted by plough
True , but is Mace such a deal breaker for Ramelius , given trucking 5 gram a tonne Mace ore is 1/3 the cost per oz compared with trucking Tampa ore at a bit over 1 gram a tonne which Ramelius are talking about anyway in their latest offer .
Also Ramelius could possibly make a concentrate of the ore on site with an ore sorter or by HMS , prior to shipping it to Edna May for CIL processing , personally think this is what they will do but are not admitting it in the announcement .
Found your last sentence intriguing .
Is an ore sorter going to be effective ...genuine question , not disputing .

What RMS did say was .The results of the above due diligence indicated the Tampia resource (as re-estimated by Ramelius), was unlikely tofinancially support the immediate construction of a stand-alone processing facility without additional future exploration effortsand further technical studies, particularly around metallurgical recoveries......highlighting mine .
I would have thought that extension and upgrading of Tampia or finding more ore on tenement almost certain so I saw RMS talk of trucking as a fallback position if all else fails .
I think RMS won't be rushing into anything but evaluating the scale and grade of available ore so that the best possible option is chosen .

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Hopefully they won't get enough shares to have any say on it.

EXU Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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