Gold and macro environment, page-232

Thank heavens Simon kept the drills going because we’d be taken over at 50-60c, never knowing Never Never extends beyond a kilometre underground or that Pepper even existed. RMS have dropped the ball badly here and their accumulation of shares at around a dollar was a sad attempt to catch up on some of the ground they have lost. Dalgaranga is the (most) perfect fit for RMS and they had the money to finance it into production, without issuing one extra share. That opportunity is lost now, and they’ll need to come up with some financial acrobatics to raise the necessary funds to take us over. POG is supported so many ways that it could easily continue its trajectory upwards for many years to come. The Spartan geos will keep finding gold with no hint of slowing down as yet.
RMS management has cost their shareholders billions here. Maybe they didn’t believe how good the deposits were, given Simon’s confidence and promotional style. I just think he’s excited by what he sees.