Thats a good point 3H.
Also the transaction gives us a valuation of the resources:
32,250 ounces is worth $1 million - esentially an arms length transaction.
Hence 3.5 mill ounces, (the rest to date) is worth ~ 108 million.
Current cap of 125 million esentially values this company as a straight exploration resource.
We've been told however that we could be mining in 1 year by a group that has delivered in the past.
Anyway, they're only back of the envelope numbers but it all adds to the story that this one is a little too cheap at ~50c.
what's wrong with this stock, page-9
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.74 |
Change
-0.045(2.53%) |
Mkt cap ! $1.310B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.78 | $1.73 | $6.371M | 3.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12795 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 56792 | 5 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |