I see RMS has bought Mt Magnet for 40 million for 3 million...

I see RMS has bought Mt Magnet for 40 million for 3 million ounces of low grade that will cost another 40 million more to bring into production. See it has added about 12 mill to rms valuation. Initially CGT value was up on purchase of lihir ballarat but has fallen back despite some great drill results that will extend the high grade resource,to levels at or below takeover levels. Mount magnets current resources are mainly low grade open cut which most New west Australian hopefulls are struggling to keep costs under control. Cgt is high grade around 9-10 grams and very close to development and likely to be extensively upgraded as they drill.Rms market cap 140 million 90 odd mill which is cash but will need that for purchase and to bring magnet into production. CGT 41 mill market cap of which 20 mill odd is cash for drilling and to bring into production. CGT has castlemain targunulla and ballarat goldfields which have all seen very little development for 100 years. Magnet was raped and pillaged for most of the last 30 years .Call me one eyed but imo i see so much more upside in The Cgt acquisition of ballarat for a song than Rms acquisition of Mt Magnet. This sort of imbalance must be to do with the east coast failures giving the east a terrible stench, despite the stench of just as many if not more failures in WA. Hopefully When MCO gets to production it can start to reverse this way of thinking and vic goldies can once again be looked at in a positive light.