A quick analysis of what increase in gold price means to RMSIf...

A quick analysis of what increase in gold price means to RMS
If 2020 guidance is 214,500 oz and we said September production was in the order of conservatively 50,000 oz and hedging is say about 50% or 25,000 oz leaving 25,000 oz divided by 91 days equals 275 oz/day. So for every $10 increase in gold price we should be making an extra $2,750/day of pure cream (non hedged ounces) or at the current POG we are making $56,650/day of 100% profit above the still profitable hedged price ($2040-1834)

Throw in hedged amount and including an AISC of $1275 + ($400 Capex??) we would be making hedged profit of 25000 @ $159 ($1834-$1675) = $3,975,000/qtr and un-hedged profit amount of 25000 @ $370 ($2040-$1675) = $9,125,000/qtr or a total profit of $13,100,000/qtr or $143,956/day (=Profit $0.02/share/qtr)

Also on a side note (bullish inverted hammer was confirmed with a break above $0.77 today) and did anyone else read about Iran producing a Gold backed Crypto to avoid US sanctions very nice!!

All IMO, DYOA, GLTAH