Just listened to Joe on BRR. I must admit, I thought it was disappointing. Joe talking up the JORC figures of 87,000 Jorc leading to 70,000 recovered - $70M sales.
Processing 80,000T Ore.
$15M cap cost
$9M operating cost
Works out to a profit around $45M dollars.
But, RMS currently has a current Market cap of $175M dollars.
Those numbers don't add up IMHO. I know the JORC figures has had a cut off grade, and more drilling to do, but a straight cut of the numbers don't point to RMS being undervalued. Seems they have at least $100M of potential upside factored in.
Just note, I like RMS, and I am sure there is more good news to follow, but it doesn't seem to be the bargin it once was.
- Forums
- ASX - By Stock
- RMS
- disappointing brr interview
disappointing brr interview
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.05 |
Change
0.010(0.49%) |
Mkt cap ! $2.347B |
Open | High | Low | Value | Volume |
$2.08 | $2.11 | $2.04 | $6.948M | 3.355M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12337 | $2.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.06 | 4000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12337 | 2.050 |
7 | 115195 | 2.040 |
4 | 49450 | 2.030 |
2 | 37285 | 2.020 |
3 | 18581 | 2.010 |
Price($) | Vol. | No. |
---|---|---|
2.060 | 4000 | 1 |
2.070 | 43450 | 6 |
2.080 | 88225 | 4 |
2.090 | 16821 | 2 |
2.100 | 38025 | 10 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
RMS (ASX) Chart |