RND rand mining limited

Ann: Half Yearly Report and Accounts, page-3

  1. 23,023 Posts.
    lightbulb Created with Sketch. 744
    By my rough calculations they had $27million in gold at cost ( close to $1000aud)
    which is very easy to calculate.
    ie 27000 ounces
    + 13000 ounces for sept and dec qrt which they didnt sell.
    = 40k ounces × 2450= close to $100 million dollars.
    plus what they will get this qrt ( if any)
    maybe all stockpiled.
    Anyways , it looks to me that cash $15 million at start of qrt and gold on hand is almost exactly
    Market cap.
    ????
    Am i missing something?
 
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Mkt cap ! $102.6M
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