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
$1.89 |
Change
-0.045(2.33%) |
Mkt cap ! $2.162B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.94 | $1.88 | $7.821M | 4.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 89751 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 14263 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |