Sure. The market underrates Mt Magnet but its been the backbone...

Sure. The market underrates Mt Magnet but its been the backbone of a gold mining camp for a very long time and doesn't look like quitting any time soon. My guess is that RMS will go from strength to strength over the next year as its cash flow grows and as the market starts to recognise it has entered a very small club of ASX producers with +200koz annual production.

The porphyry at Barimaia has all the hallmarks of what RMS are starting to rely on as base load feed for Checkers, with Milky Way, Stellar and Shannon plus other prospects/deposits of this style. Barimaia is basically the same style as this new ore stream for this field, not super sexy yet!! but useful. The sexiness is being better understood however with the more work RMS does, as high grade vein cores are being found within these porphyry systems, that are being described as related to the same rich shear structures that are responsible for some of the long lived and deep BIF deposits that have been mined at MM.

GMD has a pretty big block of ground at MM that would have been neglected in the past as it probably didn't contain the distinctive magnetic signatures of the BIF horizons. The game is changing now and that block deserves some systematic exploration.

If they can prove it up into a significant resource they should be able to do a deal with RMS of some type IMO. RMS are smart operators though and contrary to what some people claim aren't yet desperate for feed. GMD will just need to play their cards right and have patience if they do define a minable deposit. Esh