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7.3¢ red river resources limited

Ann: Quarterly Activities and Cash Flow at 31 March 2018, page-63

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Gameplanon

4,024 Posts.

2223

02/05/18

16:37

Post #: 32835439
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Originally posted by whisky49 ↑

Continuing on from my previous post the parts underlined below are one of the main valuation methods for producing Companies. Based on their 2018 projections we are currently sitting on PER of 4.75 , for 2019 it's 2.3, these are low numbers . IF and one can only use IF, the market was to place a PER of 10 by FY2019 then given this projection the corresponding shareprice would be EPS of 12.2cps x PER of 10 translating to a shareprice of $1.20 .

A well performing share with a growing LOM should command a PER 10 at least IMO.

These metrics are just as likely to be higher as lower but we will only know in hindsight but the above is an indicator of what can happen if the ducks line up over the next year or two....this Company and the price of ZINC would have to perform very poorly to have us still sitting at 28.5c by FY 2019....

Cheers Whisky

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Whiskey, I believe in the underlying strong fundamentals of RVR. Back in today at these prices. I’m happy to sit and wait for a 50% gain from here. Short term I don’t really care if it drops 5-10% from here. It’s all a game if patience

RVR Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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