RMS 2.19% $2.33 ramelius resources limited

Fundamentals always win, page-66

  1. 41,782 Posts.
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    I must be reading a different book from you Pulpcutter, Apollo will need at least 300 million dollars to get going.
    This year alone 60 - 80 million in capital spending,

    Just my opinion but don't expect RMS to spend near that on Apollo this year and doubt the $300 m price tag too .
    But just exactly how much it costs and when it gets developed will depend on what ,if any ,other ore bodies are added to it .
    I know they are bullish on the exploration potential of the lease but other good options nearby as has been discussed which would improve LOM .

    But should they wish to borrow a bit at some stage if there were big outlays elsewhhere ,would be easy enough and gearing not a bad thing for a profitable company .

    Coupla weeks or so to the quarterly .
 
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