During the recent conference call RMS mentioned the intention...

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thesnowkeepsfalling

126 Posts.

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21/10/21

09:50

Post #: 56958899
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Originally posted by PovertyBoy: ↑

Yeah Ramelius have a good eye but I wonder if the majors Goldfields/Anglo/N.Star will let them have this one. Maybe they will, maybe they have already. Maybe say a deal is already being done to toll treat the ore that Ramelius truck at say G.Smith, Sunrise or Carrosue.

100,000 ounces P.A its not what exactly what the Anglo/N.Stars/Goldfields of this world want but it is not immaterial. Goldfields/Anglo produce circa 500,000 ounces a piece from their Australian operations, N.Star must be significantly north of here say a mill plus. None of these operations probably want to toll treat ore, but at the same time what is left for the majors to aquire?

In the development space you have Degrey, or Bellvue, of the suitable scale. Not much left on the table at Degrey and too expensive for all except N.Star.

The fact is the exploration programs have thus far produced very moderate organic growth. N. Star have done the early aquiring and if you want to ensure growth... How???

Goldfields/Anglo could merge Australian operations but probably to complicated and I think this was floated before.

Someone here mentioned buying up Matsa, BNR, Apollo and Breaker. That would get the scale and maybe you build one plant. Still got to truck ore.
How far is it from Break of day to Rebecca?

Another thing an Anglo or Goldfields could do is also J.V 50-50 Bellvue with RMS and RMS truck to Magnet, plus let em do this deal with Apollo and maybe take a fairly passive equity stake in RMS.

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During the recent conference call RMS mentioned the intention would be to build a new processing plant at Apollo, so I agree the surrounding near-development mines are in play for the bigger companies looking for step-change growth by 'owning/claiming' the area. Judging by the GOR interest today Apollo really is the 'jewel in the crown' (as N Castleden repeatedly described it), not just of Apollo's holdings, but as a controlling piece in southern Laverton region. Incidentally, the current money offered for Apollo probably represents value for some mid-tier gold companies simply as a defensive play (i.e stopping your competitors from expanding in the region).

AOP Price at posting: 53.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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