Just listened to Joe on BRR. I must admit, I thought it was disappointing. Joe talking up the JORC figures of 87,000 Jorc leading to 70,000 recovered - $70M sales.
Processing 80,000T Ore.
$15M cap cost
$9M operating cost
Works out to a profit around $45M dollars.
But, RMS currently has a current Market cap of $175M dollars.
Those numbers don't add up IMHO. I know the JORC figures has had a cut off grade, and more drilling to do, but a straight cut of the numbers don't point to RMS being undervalued. Seems they have at least $100M of potential upside factored in.
Just note, I like RMS, and I am sure there is more good news to follow, but it doesn't seem to be the bargin it once was.
disappointing brr interview
Add RMS (ASX) to my watchlist
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Last
$1.93 |
Change
-0.025(1.28%) |
Mkt cap ! $2.200B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.93 | $1.88 | $1.992M | 1.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 22176 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 7517 | 13 |
View Market Depth
| Last trade - 15.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.93 |
Change
-0.025 ( 1.58 %) |
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| Open | High | Low | Volume | ||
| $1.91 | $1.93 | $1.88 | 407363 | ||
| Last updated 15.31pm 05/06/2024 ? | |||||
| RMS (ASX) Chart |