if we consider cash/bullion by the end of this month should be...

if we consider cash/bullion by the end of this month should be circa 150 odd million that gives us an EV of approx 715 million.

now i know current cash flow is linked into current pog so I will make an assumption of a reduced POG of 1200

post grid connection cash costs will be circa 700 - this provides a cash flow margin of 500. on 400k production that would mean cahs could accumulate to cover and exceed EV within 4 years

so i think that RSG is advanced enough in its production, low enough in its costs and cashed up enough blance sheet wise to support a price higher than today on a much lower POG. unless you beleive gold is going to 800-900 then RSG presents as one of the lower risk gold producers