I think at this gold price many gold stocks are already heavily undervalued. The leverage of SP to POG for high cost producers can be as high as a factor of 10. RSG should be at least 4 with current hedges so should have risen a bit more on the recent POG run. AUD rising doesn't help the AUD denominated SP. I expect close to $2 is likely soon. Technicals on POG no longer apply, it is a herd of some proportions that includes ETFs and Central banks around the world.
Why RSG?, page-75
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.107B | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 52.5¢ | 50.3¢ | $1.585M | 3.076M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 66103 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 114589 | 5 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |