Has anyone run some numbers on this? Its just insane!
At half a gram per tonne thats 7,500,000 grams. Assuming $80 per gram with a margin of 20% (allowing for mill costs plus transport plus overheads) gives a margin/profit of $120,000,000. Multiply RDS share by 80% gives $96,000,000.
The whole company only has 530m shares. $96 mill is equal to 18c per share!
Too generous? Ok I'm easy halve it and its still 9c per share!!! RDS is trading at 2 cents and that includes a cent for its copper!!!
Market is valuing the potential gold at one lousy cent!!! So risk reward means downside is 1c but upside is 7 to 16c.
I'm in.
News: RDS Redstone Resources Says Agreement To Acquire Hantails Gold Project Becomes Unconditional, page-28
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.701M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 65159351 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 8098383 | 8 |
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| Last trade - 10.06am 08/10/2024 (20 minute delay) ? |
| RDS (ASX) Chart |
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