RMS 2.83% $2.24 ramelius resources limited

gold correction target $1, page-75

  1. 1,255 Posts.
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    You posted: "I am of the belief that RMS is over valued..."

    RMS's enterprise value is currently 2.34X it's annual AISC margin. Good luck selling the "over-valued" label.

    Further, RMS just checked in with a marginal miss on production but within guidance on a A$1525 upper bound AISC, despite having a 'hub and spokes' business model that relies on a lot of diesel fuel, and Covid to boot. MZ and Tim Manners continue to be excellent managers.

    Apart from the potential for a broad market crash, and in my case a concern with the board chair, RMS is a screaming buy.


    Last edited by PulpCutter: 24/06/22
 
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