RMS 2.51% $2.33 ramelius resources limited

What’s happening at Tampia, page-463

  1. 42,433 Posts.
    lightbulb Created with Sketch. 509
    This is INCORRECT .
    RMS calculated resource at Tampia on different block sizes to EXU ,much larger minimum mining width and unlike EXU WITH a topcut .
    Apart from these and other parameters changed RMS used a more conservative estimation technique at times involving inverse distance Kriging which EXU of course did not and as I understand should've , like the top cut and probably the min. mining width .
    Let's face it , EXU had a vested interest in talking it up !

    The grade was comparable but slightly lower than EXU calculated and if haulage was the big reason you would've expected a higher grade than EXU .

    Clearly , whichever calculation you favor , these differences were the reason for the reduced resource not haulage .
    Can see that RMS could well have been conservative in their estimate , as is their habit but there is a difference between THAT and deliberately understating .

 
watchlist Created with Sketch. Add RMS (ASX) to my watchlist
(20min delay)
Last
$2.33
Change
-0.060(2.51%)
Mkt cap ! $2.691B
Open High Low Value Volume
$2.36 $2.36 $2.29 $6.540M 2.811M

Buyers (Bids)

No. Vol. Price($)
9 163521 $2.32
 

Sellers (Offers)

Price($) Vol. No.
$2.35 67017 5
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
RMS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.