This stock is ridiculously cheap, yes there is a risk with the incumbent Government, but hopefully all has been resolved now that the extorsion tax fee has been paid.
This stock currently produces as much if not more gold than WAF, WAF has one new mine coming on stream which once fully operational and running at max capacity they will be producing 400k+ gold.
Now WAF have an estimate production guidance of 275 to 300k for 2025 and have a market cap of $2.58Bill.
Now RSG have the same production guidance as WAF, yet it's market cap is only $926mill, it has cash in the bank and more cash coming once Ravenswood Gold Mine is sold.
Bought some more yesterday and it is now the biggest position in my portfolio of gold stocks, hopefully the next quarterly production annoucement will be postive and I am pretty confident baring no issues moving forward, you will see this stock rerated.
Please do your own research and GLTAH.
RSG Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
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