At the moment the whole gold sector is in a slump due to brokers forward predictions of a $1200 gold price.
If gold breaks through $2000 per oz, and continues towards $2500, those brokers may adjust their models to a more realistic forward gold price say of $2200. I am hoping this happens in 1 -2 years time.
This is all just guess work, based on the gold bull run so far.
I like to base my calculations on a $2000 gold price, and do my analysis of profits etc, based on that.
So then companies like RSG may attract valuations 3 to 5 (and maybe more) times higher in market cap. Let's hope there is not too much share dilution, or dodgy takeovers before then.
I am holding onto my shares until we breach $2200, then I will take some profits in anticipation of the next manipulated JPM takedown.
back of the envelope, page-8
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Last
77.5¢ |
Change
0.015(1.97%) |
Mkt cap ! $1.650B | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.5¢ | 74.3¢ | $11.82M | 15.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36910 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 416947 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RSG (ASX) Chart |