Ann: Youanmi (Grace) Shallow Drilling Delivers More High Grades, page-403

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RMS have announced their expected AISC at Penny West
At A$703/oz the profit is around A$1900/oz
Grace is a shallower, cheaper to mine resource than Penny West although RMS processing costs at Mt Market will be cheaper.
Grace is the near term production target, 200K oz au? (some say much more) = $380m ++
Grace super grade deep (could be huge)
Grace North (ditto)
Younami Deeps 657,900 oz au high grade = $237 m
Penny West Deep South?
RXL/VMC a billion dollar asset JV?

RMS ann

Penny Gold Project Pre-Feasibility Study (PFS) results indicating production of 230koz

at an AISC of A$703/oz, development commencing Dec Qtr 2021