RSG 1.52% 67.0¢ resolute mining limited

RSG $450 Million profit forecast

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    Production guidance 430000 oz
    Current gold price us1700 oz
    Production cost us 980
    Net profit us 720 oz
    Profit US 310 million
    Profit Aus $ 450 million


    Rough calculations on current gold price and currency valuation, but one would assume RSG is extremely undervalued on production figures and production costs provided by the company. Will be interesting to see the profit the company makes in the next quartly announcement.
 
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