I like NN and RMS but don't see the strategic fit unless it is to put MGV and GCY together. This should always have been the case. RMS is buying assets because it doesn't have enough future economic ounces to feed its mill. GCY mill is shut down because is doesn't have enough economic ounces to feed it. SL has said NN will be mined at 700ktpa. That's going to rattle around in the mill. It could be hauled to Mt Magnet but then the mill doesn't have value. RMS processing at ~$22/t, GCY was processing at ~$13/t. Not sure about the overheads on processing. 68km from one to the other. About a $12/t haul. RMS would want NN but wouldn't want to pay for the rest.
WGX has been clear it is hungry for margin rather than deals and ounces.
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RMS, WGX and SLR high grade ounce hungry, page-2
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Last
$1.33 |
Change
0.030(2.32%) |
Mkt cap ! $1.466B |
Open | High | Low | Value | Volume |
$1.30 | $1.33 | $1.30 | $5.495M | 4.179M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 28529 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 288685 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13681 | 1.315 |
4 | 27446 | 1.310 |
5 | 39484 | 1.300 |
3 | 11500 | 1.295 |
3 | 23711 | 1.290 |
Price($) | Vol. | No. |
---|---|---|
1.330 | 236685 | 7 |
1.335 | 105000 | 2 |
1.340 | 30800 | 4 |
1.345 | 62000 | 3 |
1.350 | 253617 | 13 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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