RSG 0.83% 60.5¢ 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?
 
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