Did they write this report just as the clock chimed midnight 1...

Did they write this report just as the clock chimed midnight 1 Oct and as the mills have stopped cranking for the evening and they tallied up the gold they poured? Releasing an update almost first thing in the morning on 1 Oct tells me how excited the management is about what they did. And reading it this morning was very uplifting.

I will not waste my breath repeating the information the others have talked about. I will add though that given this result, I believe that RMS deserves a higher valuation multiple probably closer to the ranks of 300koz+ producers like St Barbara and Regis Resources. Will wait for more information to do a valuation analysis of this company.

With a large cash box of over $220m, it tells me that management should be ready to sniff around the industry and I'm not surprised if they go shopping again. Perhaps a merger of equals also on the cards? I would like to see some action among the likes of Ramelius Resources, Silver Lake Resources, Westgold Resources and Dacian Gold. We need another 500+koz producer in Australia. The economies of scale would be most rewarding.