Cheers energystars.
"RMS bought a total of 225sq km of tenements along with the 1.7mtpa mill, mining camp etc etc etc. You see what RMS bought was a gold mine, not just a prospect of one.. it could start milling ore in 4 to 6 months"
This is key in my mind as it allows RMS to ramp up production very quickly and provides shareholders with big leverage to rising gold price. As you say, it was a great deal achieved by RMS and imo is yet to be fully reflected in the share price.
Thanks for your thoughts.
rms total gold oz is 3,949,900 as at 2/9/10, page-14
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Last
$2.15 |
Change
0.020(0.94%) |
Mkt cap ! $2.468B | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.19 | $2.12 | $7.753M | 3.591M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 108305 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 9955 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |