Re: AAM they have previously announced 150,163 oz JORC reserves and 1,713,900 oz JORC resources - all open pit. I agree the RMS Wattle Dam grades are much higher but RMS is converting to underground mining so they need to be higher. The new grades reported by AAM today, 1.3 g/t thru to 9.3 g/t are quite reasonable for an open pit operation and will be on top of existing resources and reserves.
I agree RMS could have spectacular results in Wattle Dam but in the absence of a large JORC resource (and I understand there may be good reasons behind why there isn't one) it requires a leap of faith by holders.
Just wanted to set the record straight. Good luck to all.
Disclosure: ex RMS holder.
Re: AAM they have previously announced 150,163 oz JORC reserves...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.28 |
Change
0.140(6.54%) |
Mkt cap ! $2.617B | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.30 | $2.18 | $24.38M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 48057 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 5243 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |