I have been looking high cost long term producers in other commodities with high capital and no debt. They are trading around double their cash reserves, therefore I think a fair price for RMS is between 50 and 65 cents.
RMS cash backing is around 28 cents therefore a price of 55 cents is reasonable.
share price target 50 to 65
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Last
$1.97 |
Change
0.015(0.77%) |
Mkt cap ! $2.247B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.01 | $1.95 | $9.599M | 4.870M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 87547 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 134610 | 6 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |