The bottom line is what RED shareholders should be concentrating on .... RED is very cheap compared to peers.
What follows is an excerpt from analysts update following the RED's latest release. Expect further SP volatility till the CR shares are bedded down.
"KOTH tenements remain highly prospective
Potential to expand satellite open pit inventory as known deposits are extended and new targets are tested Ursus and Tarmoola Fault Zones remain highly prospective, with additional targets to be tested during the ongoing regional drilling program.
RED is extremely cheap, EV of peers $1.5bn• With a fully-funded EV of just $280m,RED is trading at a significant discount to peers which attract an average EV of $1.5bn for 250-300kozpa gold output.
PT unchanged at $0.48/sh (1xP/NPV) ..... this is a short term (conservative) price target.
Our valuation assumes KOTH produces 190kozpa at A$1,100/oz AISC over 9.5yrs and Darlot drops to 84kozpa for 3yrs on a standalone basis"
The bottom line is what RED shareholders should be concentrating...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
33.0¢ |
Change
0.025(8.20%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $12.73M | 39.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1931022 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 748069 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |