RMS 1.30% $2.27 ramelius resources limited

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  1. 4,358 Posts.
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    You could be right CUB but I don't see why Mt Magnet would need NN in the medium term.
    The only reason I can see RMS paying a premium for SPR is maybe to replace the deteriorating plant at Mt Magnet.
    @wassa was out at Mt Magnet last year and he mentioned that the plant was looking pretty worn out.


    Having the Great Norther Hwy near MGV's CUE deposits adds to the probability that its ore will more than likely than not be processed at Mt Magnet.

    Nothing against SPR, just don't see it happening now.
    I still have a plenty of SPR shares, thankfully now free carrying those beauties after such fantastic SP appreciation over the last 6 months.
    I bet MZ and WB are kicking themselves that they didn't pick it up for a song 6 months ago.

 
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