Ok... so. Going to try and post this succinctly.
The following is very rough, but, above all just making sure I know where I stand with RSG over the next 2 years.
Ravenswood - Capex $135m (with the other $150m in a couple of years)
Syama U/G dev - $130m (all numbers are in AUD) over the next 15 months. (although at a guess they have already spent approx $50m)
Bibiani - 2018/2019 development - approx $100m to production.
Total approx - AUD $315 million (spread over approx 2-3 years, but heavily weighted to FY18.
Then you have RSG with approx $290m in cash and equiv (although the current gold price increases the bullion on hand has increased by about $9m)
You have 70k ounces in circuit which will be drawn down (approx $120m)
Total - $420m.
Plus you have operating profit (which for the next 18 months will only come from Syama, Ravenswood will be somewhat lower production before ramp in 2019. So... it basically added $50m last quarter, I am going to assume it can do similar for the next 2 years or, $200m p.a.
So.... total capex 315
total cash etc 420
total profit 400 (2 years worth)
= $505m by June 2019
I won't bother trying to add all the efficiency/lower costs etc etc that RSG have proven to be able to do, that can be the sweetener. Also, there are other costs like exploration etc (so maybe take off $50m).
Still, more than half the market cap (and RSG will conceivably be a 500k p.a producer by 2020).
Happy to hold I guess.
Please do tear this all apart, its a bit of a rush job, but hoping I am closish to the mark.
- Forums
- ASX - By Stock
- RSG
- Breakout
Breakout, page-223
-
-
- There are more pages in this discussion • 78 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RSG (ASX) to my watchlist
(20min delay)
|
|||||
Last
77.5¢ |
Change
0.015(1.97%) |
Mkt cap ! $1.650B |
Open | High | Low | Value | Volume |
77.0¢ | 77.5¢ | 74.3¢ | $11.82M | 15.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36910 | 76.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
77.5¢ | 416947 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 36910 | 0.765 |
2 | 45588 | 0.760 |
4 | 76187 | 0.755 |
8 | 142477 | 0.750 |
6 | 219164 | 0.745 |
Price($) | Vol. | No. |
---|---|---|
0.775 | 416947 | 3 |
0.780 | 694859 | 18 |
0.785 | 439433 | 7 |
0.790 | 438615 | 12 |
0.795 | 693337 | 7 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
RSG (ASX) Chart |