Ann: RMS:Ramelius & Musgrave Minerals Bid Implementation Agreemen, page-9

First 9 Last

Share
Profile

Follow
CashedUpBogun

8,305 Posts.

898

03/07/23

16:19

Post #: 68593447
Share

Originally posted by Jacko22: ↑

See, there you go again. I'm presuming you meant to say 'not a multi million ounce field', cause they are already at 927Koz (which was released in May 2022 - so plenty of successful drilling since then). The MRE doesn't include anything from Amarillo, the Western Dolerite zone, or Waratah or east Numbers. And there's very little drilling below 250-300mtr. So there is ample potential for it to get well over 1Moz. And EVN would probably only know about what they have drilled out on the Lake - so none of the high grade stuff.

But it will be interesting to see what they do here. Still not out of the realms of possibility that they will get involved, given they haven't come out and said they'd back the RMS TO with their 3.7% holding. Still if they're interested in the Murchison, they could wait for this to go through and then pick it all up together?

Will WB come back? Probably more likely that he will, given ego and the 30c offer would have been a reasonably low ball position, and certainly not what they thought it was worth.

But I don't think there is much left in it due to the BoD dragging their feet with keeping MRE up to date.

Expand

haha yes it's me again - ounces aren't all equal and I'm no talking Jorc either. Outside of break of day mate it's all fluff

go spin the MGV models from the website around - both the geo models and the PFS models plenty of indicators it ain't a MULTI-MILLION OUNCE gold project.

we need a geo like eastwest for his expert opinion! I think he's a geo anyway

MGV Price at posting: 33.0¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Local bourse to trade green | Thursday September 12

CU6

Clarity progresses SECuRE trial with positive safety results

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

MTM

Forget gallium: MTM says it's extracted gold from e-waste

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

3 stocks with antimony news on Thursday

NEC

Nine Entertainment announces its CEO is stepping down – on an ex-divvy day

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

BRX

Belararox to grow copper footprint in Botswana with 4,286 square km tenure