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Investment Opportunity
We are initiating coverage on Red 5 with an overweight rating and a price target of $0.27 per share. We believe shares of Red 5 are currently undervalued at the March 16, 2011 closing price of $0.16. Based on our life-of-mine model, we calculated Red 5?s corporate NAV at US$0.17 per diluted share factoring in a discount rate of 5% and life-of-mine gold price of US$950/oz. We have conducted a NAV sensitivity analysis with various gold prices, which demonstrates the impact of a US$100 per ounce change in the life-of-mine gold price which results in an increase of US$48.1mm, or US$0.037 per share in Red 5?s adjusted post-tax NAV.
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Last
39.5¢ |
Change
-0.010(2.47%) |
Mkt cap ! $2.737B | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 41.0¢ | 39.0¢ | $7.269M | 18.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 819177 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 155000 | 4 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| VAU (ASX) Chart |