RMS 6.54% $2.28 ramelius resources limited

quarterly update, page-6

  1. 1,152 Posts.
    lightbulb Created with Sketch. 15
    Well at least possibly the worst of the news is out now.

    At least we got -

    'The crusher at the Burbanks mill located near Coolgardie WA was repaired and operational at the end of December 2011. Milling of Wattle Dam Block D stoping ore commenced in the last week of December and shows improved grades. Block D stoping ore is expected to fill the Burbanks mill at capacity for the March 2012 quarter.'

    Hopefully we will see a strong march qtr and Wattle Dam returning to something akin to its former glory.

    We also got -

    'The Mt Magnet project located 600km northwest of Perth in the Murchison region of WA is to commence plant commissioning later this month with first gold production expected to follow shortly thereafter.'

    Which was already well known but nonetheless imminent.

    Maybe this could be a case of the worst news has been outed and thats why we are seeing some buying coming through now.
 
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