RSG 5.37% 63.8¢ resolute mining limited

I don't get it, does this mean they want to spend 70 Million USD...

  1. 37 Posts.
    lightbulb Created with Sketch. 11
    I don't get it, does this mean they want to spend 70 Million USD in 2023 additional to AISC?

    Because if yes, at a Gold Price of 1800 they would make only about 30 Million profit which gives them a simplified PE ratio of about 11 which makes them not so cheap.

    https://hotcopper.com.au/data/attachments/5061/5061738-235c9da8a8f7e9f709e8c67969786398.jpg


    Those Sprott Guys seem to grant them even weaker operating numbers:
    https://hotcopper.com.au/data/attachments/5061/5061791-9827b3c417bfd0ef9176f5322878273f.jpg


    It still seems to be this bet again that somehow extraordinary expenses finally will end in future years but not now. Always the same with this company, I think about not to buy because I don't want to give crappy resolute advance praise. What is it I am overlooking or misinterpretating?
 
watchlist Created with Sketch. Add RSG (ASX) to my watchlist
(20min delay)
Last
63.8¢
Change
0.033(5.37%)
Mkt cap ! $1.362B
Open High Low Value Volume
63.0¢ 64.0¢ 63.0¢ $4.127M 6.505M

Buyers (Bids)

No. Vol. Price($)
8 92075 63.5¢
 

Sellers (Offers)

Price($) Vol. No.
64.0¢ 1077520 43
View Market Depth
Last trade - 13.58pm 12/07/2024 (20 minute delay) ?
RSG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.