RED 0.00% 42.0¢ red 5 limited

Ann: King of the Hills set for stronger March Quarter, page-9

  1. 2,976 Posts.
    lightbulb Created with Sketch. 3570
    good news flow on this stock now - i've sold out previously at 27c and looking for re-entry

    Anyone have a view of why this is worth more?

    assuming worst case - 90,000 ounces @ margin of 600/ounce is 54m for 6 months, - 100m for a year - P/E of 6 gives current value

    16 yr mine life looks good

    Can it warrant more than 6 P/E? ASIC looks high but i expect 6 is low end...

 
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