$40 cents club, page-622

RED's inclusion in the MISCI was very positive and indicates RED is accepted as "investment grade" for institutions BUT the real heavy buying needs to come from the major index's, the GDX and GDXJ.
Although these are up from recent lows, the downtrend has not been decisively broken and big funds are not yet flowing into gold miners, despite an avalanche of bullish comment from "experts" and hence a bull market is yet to be established.
Psyber's analysis above is best case (excluding M&A) based on reasonable assumptions including a continuing strong POG.
ASX300 is a given, but ASX200 is a much bigger hurdle especially when RED still constrained by debt and hedging.