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4.08% 5.1¢ great boulder resources limited

RMS are watching

  1. m0ngy
    10,075 Posts.
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    28/09/21
    13:03
    Post #: 56403131

    Ramelius $1B MC neighbour is experiencing the downside of high AISC low grade ore.
    https://hotcopper.com.au/data/attachments/3629/3629290-750e44118c2f64c8f2cc3e0f2cd5f704.jpg

    Average just 2.1 g/t and AISC up to around $1500 oz au in 2022.
    What if the POG falls to $2,000? AISC margin is slim.
    RMS desperately need more high grade gold.
    They bought Penny last year for $270m but need more.
    This is their production map, Great Boulder is a perfect fit.



    https://hotcopper.com.au/data/attachments/3629/3629302-3e8c0533f565dcb353daaab35cb6a619.jpg


    GBR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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