RMS has a large resource but low grade which requires a very high gold price to make real money.
The gold price today is a consequence of inflation which is a flow on from 2008, The market is still coming to terms with the gold price at $1900 usd an ounce and this provides uncertainty.
Could RMS survive with a gold price of $1500 USD ounce?
gold $3500 aud with 21 days, page-38
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Last
$1.91 |
Change
0.010(0.53%) |
Mkt cap ! $2.183B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.91 | $1.87 | $7.285M | 3.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 166121 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 18104 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |