RMS 0.80% $1.87 ramelius resources limited

stripping costs

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    On page 6 of the company presentation released on the 21/11/12 the company mentions cost per oz of $1100 including stripping costs.

    Would anyone know or make a reasonable guess as to how much the stripping costs would be and also if most of those costs would be incurred in the first year of development.

    The idea being that if costs per oz after stripping could come down below $1000 the margins would quickly become a lot higher.

    Strong buying continues

    Cheers
 
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