Relatively short reserves has always been RMS's weakness, albeit we've always replaced reserves faster than mining.
Hence RMS has only ever put out 3 or 5 year production outlook.
In the next ~ 6 months we have solid news flow supporting a longer produciton profile:
1. Penny updated reserves & Cue integretaion and reserves will support larger and longer production at Mt Magnet. Potentially will be getting close to 10 years of reserves.
2. Roe-Rebecca studies and maiden reserves. Yes it will take capex to build this mine, but that's always the case, and we can eaily afford it out of cash and cashflow. It's easy to see +10 years reserves incoming here.
And hopefully we hear about the 3rd hub acqusition, something with +10 years reserves.
Lots of growth coming in the next 6 months which combined with POG tailwinds can get a shareprice comfortably over $2-$2.20 imho.
Great year ahead for the Golden Horse, page-26
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$1.96 |
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Mkt cap ! $2.240B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.92 | $38.99M | 19.92M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76412 | $1.96 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 265057 | 9 |
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| RMS (ASX) Chart |