Thank you Sally Will for sharing this information.
Very roughly it seemed to me that RMS was being grossly undervalued by the market after the new drills at WD (factor of 2 or even 3), but as these are not yet converted to resources or reserves, estimates need to be based on assumptions.
I haven't read the rest of the broker report yet, it will be interesting to see what assumptions they make about likely reserve at WD.
stock analysis on rms, page-7
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Last
$2.06 |
Change
0.070(3.52%) |
Mkt cap ! $2.379B | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.08 | $2.03 | $10.30M | 5.005M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 127276 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 113705 | 5 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |