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$2.09 ramelius resources limited

Explaurum Tampia 201807 on Vimeo

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26/01/21

16:43

Post #: 50450006
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Originally posted by speculator101: ↑

Hey Tangs, from the old EXU presentations, they have some very 'optimistic' views on what their project held.
Reserves of 210k as booked by RMS, are a far cry from what EXU were shouting about.

As above, I do hope that all the indicated resource that EXU professed to have, is indeed there, as that would imply that the current reserves, are simply stage 1. However... I take it all with a grain of salt, when I think about how 'exciting' the Mace discovery was.... as 20,000 ounces of it.

I have also come to the conclusion that there will be no plant at Tampia. The economics simply don't stack up (unless... there is a highly economic deposit nearby that is ripe for the picking, but even then....), the reserves/resources at Tampia mean Edna May has a long mine life ahead, even before they decide on just focusing on the U/G, or the larger open pit near the plant.

I am hopeful, that as @albatrosss mentions, with the conclusion of the minority share holders, RMS is finally able to enact whatever other plans it has, including, I hope, a much enlarged exploration campaign. All this takes time of course, but, it would great to see Tampia become a long term mining hub for RMS/Edna May for many years to come.

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Explaurum Tampia 201807 on Vimeo

RMS Price at posting: $1.55 Sentiment: Hold Disclosure: Not Held
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Last $2.09		Change 0.040(1.95%)		Mkt cap ! $2.392B

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