The truth with RMS is they have about 9mths life left at EM
Head grade of 1gm per tonne is dangerous.
Cost of plant wear and tear in the mill and underground development eats any profit.
That float of $100m will be gobbled up in cost with the Mt. Magnet opetation for pit and u/g development
EM is in the wilderness as each RMS operation has to stand on its own business capabilities.
For it to survey they would need to relocate the EM plant to Tampia and start fresh if successful in TO.
Maybe get some cash float from the big strike in Mt. Magnet to fund, but RMS won't spend anymore cash at the EM site. Financial suicide if they do.
The truth with RMS is they have about 9mths life left at EMHead...
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