RMS 1.63% $1.88 ramelius resources limited

warning, the rms sideline is ending soon.

  1. 9,111 Posts.
    lightbulb Created with Sketch. 909

    Remember these results from 2008;

    16m @ 482 g/t Au
    inc 1m @ 3697 g/t
    2m @ 452 g/t
    2m @ 112 g/t
    2m @ 561 g/t
    5.5m @ 148 g/t

    RMS shot from 50c to over $2 in a few days with these results before coming back down on the long wait for gold production. Production from the old open pit has provided cash flow and now the UG decline has started and will access these zones with processing next qtr. Yet the sp is stil under 60c?

    So many knockers of this stock after the resource estimate and sp battering from +$2 to 50c levels. RMS could suprise a few on the sideline with UG production from wattle dam.

    And how deep is wattle dam anyway??
 
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