RMS price up 5% today at $1.365 with many possible factors in play. The Penny update- higher grades and more ounzes- suggests to me 300,000 ozs will be mined and processed at Mt Magnet up to June 2026 for an operating cashflow margin of $1800? - at current prices- of $540million. Then the contribution from Musgraves Cue project of 300,000ozs at 10g/t suggests to me a similar $540m cash contribution to Ramelius treasury over the ensuing 3 years of production [[ at current gold prices]].
With the Musgrave takeover looking like 100% now plus the improved Penny outlook I'd like to think that the brokers revisit their RMS valuation . $2.00 per RMS anyone?
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Last
$1.94 |
Change
0.070(3.75%) |
Mkt cap ! $2.197B |
Open | High | Low | Value | Volume |
$1.90 | $1.94 | $1.88 | $3.592M | 1.878M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 82203 | $1.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.94 | 42195 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 82198 | 1.930 |
17 | 58197 | 1.925 |
18 | 82416 | 1.920 |
17 | 137203 | 1.915 |
13 | 44502 | 1.910 |
Price($) | Vol. | No. |
---|---|---|
1.935 | 44122 | 32 |
1.940 | 113852 | 23 |
1.945 | 58570 | 11 |
1.950 | 106755 | 12 |
1.955 | 34743 | 10 |
Last trade - 15.50pm 31/07/2024 (20 minute delay) ? |
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