I am really trying to understand why people keep referencing the gold price and the Increase in RED share price. The big buyers might use this metric to buy at a lower price but really there is no strong correlation.
Overall RED up over the last 12 months is 100%, Gold 13%
Overall RED up over the last 6 months is 77% Gold up 12%.
March quarter RED produced less Ozs at a higher AISC.
The story here is growth and expansion and not the ups and downs of the gold price.
Yes the metrics look better for a mine if the gold price improves but really this is all about how many more ozs are in the ground yet to be modelled.
Looks like news will be next week and if it continues in the same vain sp increases regardless of gold price movement.
Shares traded are now millions daily. 6-12 months ago shares traded were in the 100ks.
It is not rocket science as I am surely not a rocket scientist. Good news will continue to improve sp regardless of gd price.
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