Fair points Peppie, but it would be remiss of me to not show RMS...

Fair points Peppie, but it would be remiss of me to not show RMS full production profile, not just Mt Magnet profile you include (even though Rebecca/Roe will need $300m+ to get into production, it is going to happen). Then RMS starts to look more like a longer life, 250k p.a producer.



@Joelstar makes a great point about RMS future FCF.... hard to beat in the short term (and... if patient enough, over the longer term too).
Whilst I continue to be unimpressed with the Mt Magnet plan in the medium term, I am... not blind to returns that will be made.
RMS is now trading at an E/V of less than OBM.... with it's 2 years of reserves!

As for any potential tie up/merger, I am on the fence. As my investment/capital grows, I find myself becoming ever more concerned about downside protection, versus upside blue sky. Still lots to play out IMHO.