RMS price up 5% today at $1.365 with many possible factors in play. The Penny update- higher grades and more ounzes- suggests to me 300,000 ozs will be mined and processed at Mt Magnet up to June 2026 for an operating cashflow margin of $1800? - at current prices- of $540million. Then the contribution from Musgraves Cue project of 300,000ozs at 10g/t suggests to me a similar $540m cash contribution to Ramelius treasury over the ensuing 3 years of production [[ at current gold prices]].
With the Musgrave takeover looking like 100% now plus the improved Penny outlook I'd like to think that the brokers revisit their RMS valuation . $2.00 per RMS anyone?
Ann: Penny Gold Mine Update, page-14
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.94 |
Change
0.075(4.02%) |
Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.94 | $1.88 | $6.442M | 3.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13041 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 44693 | 3 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |