RMS market cap is fair value at around $15 to $20 million
based on non performing assets.
RMS might need to scrap most, if not all of its mine plans at least short term.
RMS will need to look for new projects that have a very low cash cost. Projects with a low enough cash cost are unlikely in a dead market.
The search for new projects and closure will eat into RMS profits therefore reducing cash on hand.
Factors that will keep the gold price low.
1. Gold is struggling to break past 1300 and falling.
2 Gold long positions are well and truly stopped.
3. Gold will shorted market sentiment shifts and investors go with the direction of trade.
4 The fed is highly unlikely to reverse its decision.
5. Their is no counter stimulus plan by any other country to boost the gold price.
5 cents next price target.
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Last
$1.85 |
Change
-0.020(1.07%) |
Mkt cap ! $2.108B | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.85 | $1.82 | $1.605M | 872.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 11178 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 24894 | 39 |
View Market Depth
| Last trade - 11.58am 27/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |