daytrading march 13 morning, page-3

Gold RMS here are time figures to back up my post about trading at a PE of less than 1

Market Cap $45m Cash Liquid Assets Plant Equipment worth about $75m
Gold funding facility of $16m and payables of about $20m

Roughly leaves an EV of $10m


"PRODUCTION GUIDANCE – MARCH 2014 QUARTER

Mt Magnet (inclusive of Western Queen South) is expected to produce 20,000 ounces of gold in the March 2014 quarter, at a total cash cost of A$1,300 per oz.

Coogee is expected to produce 7,000 ounces of gold in the March 2014 quarter, at a total cash cost of A$1,000 per oz."

Under such a scenario the company the company would generate a gross profit of $8M using a price of $1,525/Oz per qtr or $32m per annum giving it a PE around 1


This is why the current move in gold has explosive implications for RMS