I am not sure if RED meets your mid-cap ranking or not with a MC of $399M. However, if you look at the KOTH DFS and latest announcements, you should be more comfortable:
-AISC of A$1,339/oz for the first 6 years and 176 Koz pa
-funding in place for mine and process plant development
-continuing progress with construction and infrastructure
-scheduled production in QA2 2022
-IRR of 49.8% (post tax) for a POG = $2500/oz, or 39.7% with gold price of $2250/oz
I am as likely to be critical of gold companies as anyone but RED seems to be under-valued because of the Darlot performance, whereas I prefer to look a bit further ahead. Also, Siana is an unrealised asset and given no value by the market IMO.
Even the recent activity identifying deposits around Darlot can make a change to that area (yet to be proven, I agree).
- Forums
- ASX - By Stock
- RED
- Ann: Darlot Gold Mine production update
Ann: Darlot Gold Mine production update, page-72
-
- There are more pages in this discussion • 4 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 RED (ASX) to my watchlist
(20min delay)
|
|||||
Last
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $1.972B |
Open | High | Low | Value | Volume |
28.5¢ | 29.0¢ | 28.0¢ | $8.962M | 31.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 459580 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 672610 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 459580 | 0.285 |
51 | 2194114 | 0.280 |
27 | 1561759 | 0.275 |
22 | 868399 | 0.270 |
13 | 762269 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 672610 | 11 |
0.295 | 1011753 | 16 |
0.300 | 534583 | 11 |
0.305 | 556809 | 8 |
0.310 | 277580 | 8 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |