When looking at MC , it may be wise to look at what extra debt they need to see their projects executed. I think Ravenswood is next cab off the rank and will need further debt to get it happening in a reasonable timeframe. Now if Syama goes to plan then they will have positive cashflow to draw upon but I am yet to be convinced and recent mine purchase may indicate that JW felt he needed a cashflow backup to Syama.
And if they put money into Bibiani as well then they will be praying Syama performs.
So on top of current debt I would add 150-200M in potential debt that could be required to cover shortcomings in positive cashflow. So suggest this is deducted from RSG market cap before any comparison is even attempted. Disclosure I hold both.
Christopher
Ann: Denver Gold Forum Presentation, page-58
Add RSG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
67.0¢ |
Change
-0.015(2.19%) |
Mkt cap ! $1.426B | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 68.0¢ | 66.0¢ | $4.757M | 7.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 190744 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.5¢ | 192546 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RSG (ASX) Chart |