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RMS, RAMELIUS RESOURCES LIMITED
mme
post Posted: Aug 21 2004, 03:07 PM
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Jonas X the announcement this week regarding further information from Wattle Dam went unnoticed by the market. Looking more and more like RMS will be producing from here within six months. We also mustn't forget Black Cat and the nickel play at Hilditch. The stock IMO is seriously undervalued at present. Gold over $412 US an oz. PDYOR before buying.

 
mme
post Posted: Aug 21 2004, 03:06 PM
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Jonas X the announcement this week regarding further information from Wattle Dam went unnoticed by the market. Looking more and more like RMS will be producing from here within six months. We also mustn't forget Black Cat and the nickel play at Hilditch. The stock IMO is seriously undervalued at present. Gold over $412 US an oz. PDYOR before buying.

 
jonas X
post Posted: Jul 30 2004, 08:11 AM
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Yes MME I have read it and agree although I'm not all that surprised there is not a lot of interest in RMS.
From what I read they were behind the eight ball from the time they listed because of the unfortunate timing of the IPO. if it had happened 6 months later it would have been a different story.
I think all that is about to change and it will be their success doing the talking. IMO if they are a producer in the 6 to 9 month time frame and I believe they will be (Wattle Dam and possibly Black Cat) the minimum we should expect is back to the listing price of 20 cents.
If they locate the nickel before gold production (and we should know more within a month) they will also be back at 20 cents IMO.
If you would like to discuss the company do what I did and ring the M/D Joe Houldsworth. He has a lot to prove.
A lot happening.
PDYOR

 
mme
post Posted: Jul 29 2004, 05:29 PM
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jonas X, did you read the quarterly?? I'm surprised others aren't shining to this stock. Black Cat and Wattle Dam look impressive to me. Small number of shares on issue. IMO this stock could appreciate nicely over the coming months. PDYOR before buying.

 
jonas X
post Posted: Jul 19 2004, 06:21 PM
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Tightly held stock too.
I see the Top Twenty Shareholders have 64.22 %of the shares on offer.
Spoke to Joe Houldsworth the M/D a month or so ago and he impressed me as being hands on, enthusiastic, approachable and knowledgable about the mining industry without a hint of bullshit.
Frankly, if he says they expect to be mining Wattle Dam ASAP I believe him.
Probably negotiating for Black Cat as well.
Interesting next month or so.

 
mme
post Posted: Jul 19 2004, 05:00 PM
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Yes I think this one will start to grab people's attention shortly. Fairly sure of themselves to make a release like that with further results pending at Wattle Dam. Holding stock.

 


jonas X
post Posted: Jul 19 2004, 04:40 PM
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WOULDNT IT BE INTERESTING IF IN SAY 9 MONTHS TIME RMS HAD TWO PRODUCING GOLD MINES AND A NICKEL MINE.
NOT UNREALISTIC AND WE SHOULD KNOW WITHIN THE NEXT FEW WEEKS.

"Ramelius confident of mining

Andrea Hayward


Monday, July 19, 2004
RAMELIUS Resources is confident of turning its Wattle Dam project in the Spargoville area of Western Australia into an operating mine in the next year.

"We are certainly looking at options, even finance at this stage," Ramelius managing director Joe Houldsworth told MiningNews.net.

"We're already looking at various mills in the area and in our own mind we are convinced we will have a mine there.

"We will be moving just as fast as we can on this one."

The announcement followed the results of a 1900 metre RC drilling program to better define the inferred resource of 150,000 tonnes at 4.6 grams per tonne gold at the project, 50 kilometres south east of Coolgardie.

Results from the drilling included 1m grading 130gpt gold from 7m, 2m at 47gpt gold from 17m and 9m at 8.3gpt gold from 12m.

"We are extremely happy with the success of the RC drilling program as it returned a number of spectacular gold grades along with many robust gold intersections," Houldsworth said.

"The anticipated mine would have a lead time of possibly six months with a further six months required to mine the resource.

"As Wattle Dam is also on a granted mining lease with Native Title agreements in place, this will further minimise development lead times."

Houldsworth said the project had a number of advantages including free digging ground, custom milling nearby and being located close to a bitumen road.

"We set drilling records in respect of metres achieved on a daily basis during the latest Wattle Dam RC schedule and this would seem to confirm our opinion that the nature of the ground, being weathered ultramafics, will probably be free digging to 40-50 metres depth," Houldsworth said.

Extensional and infill digging is set to continue at the site.

Shares in Ramelius were trading unchanged at 10c in early afternoon trade on the ASX."




 
mme
post Posted: Jul 16 2004, 01:52 PM
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Cdchi1, the gold results from Wattle Dam look fairly impressive to me. I think you could be right with this one. Maybe the turnaround the stock requires. Resource estimates look as though they're going to be more that the initial amounts indicated. PDYOR before buying. Now own RMS.

 
mme
post Posted: Jul 16 2004, 10:53 AM
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In a trading halt. Interesting to see what the results are!!!

 
toggs
post Posted: Jul 5 2004, 11:02 PM
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if the re sampling come back positive and the resource is up graded we should see a nice uptrend worth holding in my opinion

 
 


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