Nice article in today’s Mineweb that explores Ramelius’ new Western Australia Mt Magnet Mine. Couldn’t be a better time to be markedly increasing Gold production from around 90,000 ozs (Wattle Dam mine) to well above the 160,000 oz mark.

I talked at length with the RMS guys at the Brisbane showcase… they were nice people with a great story. I went home did the sums, looked at the databases and then bought in. It has been a good ride since then and now is the time to buckle up and enjoy the ride…..

Mineweb:
Ramelius gives go-ahead for its 2nd gold mine in WA
Friday , 15 Apr 2011

A second gold project in Western Australia is to be mined under a decision announced today by Australia’s highest grade gold producer, Ramelius Resources Limited (ASX: “RMS”) with mining to start in the second half of this year with first gold pours in the opening quarter of next year.The decision will see an estimated total of 520,000 ounces of gold produced over an initial six years from Ramelius’ wholly owned Mount Magnet operation – a former gold producer located 600 kilometres northeast of Perth in the State’s Murchison district.

Ramelius acquired the project for A$40 million in July last year. It hastotal resources of 3.3m ounces of gold, complementing Ramelius’ high grade >90,000 ounce per annum producing Wattle Dam underground gold mine near Kambalda, also in Western Australia.Ramelius has since announced a revised mineral resource for the Galaxy area at Mount Magnet of 20.3mt at 1.65 g/t Au for 1,075,000 ounces of gold. read the full article

Ramelius is currently around tenth place in our mid level producers and soon will be in the top four.

Looks like RMS will soon be moving markedly to the left.

All aboard the train is leaving the station