Ann: RMS: Ramelius Extends Offer for Dioro to 21 , page-20

re: Ann: DIO: RMS: Ramelius Extends Offer for... One Mill or 2 Mills is not the point. This could be another superpit through consolidation. SLR needs bigger mill for Volume. IGR say they have bought a secondhand one but it is not yet commenced installation (loan approved for about $55M). No idea about DIO mill utilisation or capacity but RMS mill seems to have huge capacity for an underground operation and I seem to recollect they were trying to get Frogs Leg processed through it.

I am just a little bit wary that if Pala/AVO got a big foot in the door then it might not be in RMS holders best interests. Not a conspiracy theory but I hope RMS have done some risk management. My view is we are going along quite nicely as we are.