I have noticed a pattern with market valuation of gold companies.
1 Companies with large market caps have the resource and capacity to increase production and have higher grade. RMS is really only a mid tier miner therefore more susceptible to gold price movements and market sentiment.
2 RMS mine plan is not really consistent, it appears to be pods of gold with varying grades which makes it hard for the market to value.
3 RMS seems to be always changing its focus between different deposits.
4 The structure of the company makes it difficult for the market draw any conculsion what full production would look like in a volatile gold market and economy.
Net income forecast to grow 381% next year, page-96
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Last
$2.19 |
Change
0.020(0.92%) |
Mkt cap ! $2.512B | |||
| Open | High | Low | Value | Volume |
| $2.17 | $2.20 | $2.14 | $7.445M | 3.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4988 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.19 | 2288 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |