Page 7 of investor presentation released to market on 14th Oct 21.
SLR and RMS both market cap ~$1.4bn depending on the day
GOR ~$1.2bn
SBM ~$1.1bn
RED holds a little execution risk between here and June 2022 but if:
1. Everything goes well operationally (potential upside here as you mentioned with production upgrades what we have right now is debt fundable);
2. Market stays rational; and
3. Gold price holds up (upside here with all the inflation chat floating around)
Then it should be good for at least a ~2.5x from today
RED v GOR, page-7
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