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70.5¢ resolute mining limited

The Move Towards $2 again, page-2

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25/08/17

11:18

Post #: 26754186
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Originally posted by LightForce ↑

Value for RSG will be reflected eventually... here comes the Russian Nuclear bomber to help lift up geopolitical tensions (not that I like a nuclear war)..

http://www.copyright link/news/worl...ar-bombers-around-north-korea-20170824-gy3spl

North Korea being the next field game for Russia/China vs USA?

Russia may be having another go at Belarus as well..
http://dailysignal.com/2017/08/24/russian-actions-belarus-cause-concern/

Meanwhile, in my boredom, I had decided to do my own NPV calc for the projects of RSG...have factored in 20% risk factor for Syama Underground and Ravenswood Expansion to reflect construction risk etc, and 40% risk factor for Bibiani, assuming 8% discount rate and 0.8 AUD:USD FX rate, gold price of US$1280/Oz, and I still get $1.31/share as the value of RSG. Note I've also assumed that $162M of the cash balance will be spent in this year (not clear how much is spent already on the projects) just to be conservative. And I've assumed 30% tax rate on all profits.

As the projects continue to be developed, the risk factor will reduce, and when I remove all risking factor, the value becomes $1.68/share at current gold price. I haven't factored in value from all the other exploration projects (Nafolo, Tabakaroni, Egpyt, etc) in the above analysis, assuming them as cream on the top.

As we see gold price inching up and more exploration results from the other areas, I think RSG will move towards $2 again.

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I think the market disagrees with a $2.00 target in the foreseeable future. Truth be known I would settle for $1.40 take over right now!

RSG Price at posting: $1.07 Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 70.5¢		Change -0.005(0.70%)		Mkt cap ! $1.500B

Open	High	Low	Value	Volume
70.0¢	71.0¢	69.0¢	$9.005M	12.87M

Buyers (Bids)

No.	Vol.	Price($)
2	151500	70.0¢

Sellers (Offers)

Price($)	Vol.	No.
70.5¢	99995	1

View Market Depth

No.	Vol.	Price($)
1	144000	0.700
1	5500	0.695
13	315905	0.690
9	230611	0.685
18	304195	0.680

Price($)	Vol.	No.
0.710	50000	1
0.715	111762	4
0.720	198762	3
0.725	58223	2
0.730	97294	3

Last trade - 16.10pm 04/10/2024 (20 minute delay)

RSG (ASX) Chart

The Move Towards $2 again, page-2

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The Move Towards $2 again, page-2

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News