Smity in general I have no problem with your summary of the cycle that all specs go through, and RED has been through that cycle a few times now over the years.
What makes RED a bit different to the run of the mill speccy now, is that it has $64 million +/- in the bank, a completed BFS which confirms project viability at anything down to US$700/oz give or take a dollar or two, the offer of bank finance to complete the development, and a list of insto's as equity backers longer than your arm.
AND fantastic upside potential already hinted at in Mapawa.
So all is not lost, once the project gets closer to development the discount to NPV will turn into a premium to NPV, at whatever that gold price of the day turns out to be. Just like any developer turning into producer experiences (such as Kingsgate, Oxiana, etc).
(Just make sure you don't lose sight of the opportunity when the cycle turns up again!)
Smity in general I have no problem with your summary of the...
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 41.5¢ | $7.599M | 18.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 554744 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 402000 | 9 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |