I don't think RMS will convert Wattle Dam to reserves as it is narrow vein quartz hosted mineralization which is notoriously difficult to prove as reserve.
I don't mind.
Proving it to reserves would also cost considerable $$ and I think RMS's money is much better conserved for other things.
Proving reserves can also attract predators.
RMS is a cashed up, producing well managed company with highly prospective tenements.
Wattle Dam is Australia's highest grade gold mine.
I don't think RMS will convert Wattle Dam to reserves as it is...
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Last
$2.47 |
Change
0.100(4.22%) |
Mkt cap ! $2.863B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.49 | $2.37 | $32.21M | 13.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 70796 | $2.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.49 | 23426 | 3 |
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| Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
| RMS (ASX) Chart |