The market understands DRM better and the market can/does have greater confidence that the deflector mine will produce at current or greater levels for its mine (profitability is another matter).
The same confidence is not extended to RMS, its EM mine is not well understood by the market (me being one) in so far as what the impact of the mining decision will have on mine life, reserves and profit, will RMS remain a 200k producer for the next 4 years, the market is not clear on that.
Get some good clarity on these things and hopefully positive clarity and RMS will re-rate.
However for the big rerate they need to show 6+ yrs reserves imo
The market understands DRM better and the market can/does have...
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Last
$2.19 |
Change
0.020(0.92%) |
Mkt cap ! $2.514B | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.20 | $2.15 | $2.619M | 1.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 101724 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.19 | 23969 | 14 |
View Market Depth
| Last trade - 14.08pm 18/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |