Reality is RMS were hoping (still are) to get feed for EM
allot of RMS holders here keep going on about their board not being stupid and that they would consider a stand alone mill for Tampia, bla bla bla
Yes they probably would have considered it, however they pretty much only just bought EM and need to feed the beast
Why would they go spending more cash on building a new mill now, when they need that cash to expand EM underground as well as buying other surrounding feed sites, as well as paying a dividend... EM will be on C&M within 3 years if they did that
No
makes more sense for them to cart ore to EM to keep it efficient
problem there is the modifications needed to accept the new ore (different grades, etc, etc) plus trucking and associated costs
Unless they can pick EXU up for a steal, it doesnt stack up
instead, they will continue shopping once this T/O play dies
I do own both RMS and EXU
i dont believe this T/O offer is a match made in heaven. time for everyone to stop waiting time and money and move on
Lets get ALK on board for EXU, acquire the balance 10% of Tampia, explore the area even more, while building a mill
For RMS, im hoping they swallow their pride and keep shopping elsewhere
Also, 8.5c is a bargain price for EXU IMO