RSG 0.00% 52.0¢ resolute mining limited

96m half year profit643m share on issue = market cap of ~850m...

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    96m half year profit
    643m share on issue = market cap of ~850m @$1.32

    Lets say full year profit is maybe 165m, as the 96m included a 12m currency reval, Golden Pride is closing and the current spot price is $60 less than the 1636 average from Jul-Dec.

    That leaves a PE of around 5. Maybe they miss targets and the PE goes out to 6. It's a very cheap stock IMO, especially given the growth potential at Syama, 3.64m in proven/probables = 5.7b worth of gold @ current spot of 1580 and they will probably find more

 
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51.5¢ 52.5¢ 50.3¢ $1.585M 3.076M

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52.5¢ 114589 5
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