To get a $1B Cap you would need at current prices and based on the published cash costs around about another 750k oz for a total of 1.5 M oz.
($1250 /oz - $562 /oz) x 1.5M = $1B
So at Garden well if we see a reserve of around 1.3 M oz and a final resource around 750K (58% Conversion) we should be seeing our $3 share price.
If we look at Erlistoun the resource was 256k oz and the reserve was 157k oz (61% conversion).
So anything around 1.3 M oz initial resource would be huge for the company and the share price.
Very exciting times for the company!!
- Forums
- ASX - By Stock
- RRL
- does sp fully discounts the project now ?
does sp fully discounts the project now ?, page-14
-
- There are more pages in this discussion • 5 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 RRL (ASX) to my watchlist
|
|||||
Last
$1.79 |
Change
0.030(1.71%) |
Mkt cap ! $1.348B |
Open | High | Low | Value | Volume |
$1.79 | $1.81 | $1.79 | $6.108M | 3.404M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33130 | $1.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.79 | 4014 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33130 | 1.785 |
9 | 92087 | 1.780 |
7 | 47885 | 1.775 |
5 | 97910 | 1.770 |
3 | 35561 | 1.765 |
Price($) | Vol. | No. |
---|---|---|
1.790 | 4014 | 3 |
1.795 | 6376 | 3 |
1.800 | 16481 | 8 |
1.805 | 86578 | 8 |
1.810 | 82570 | 7 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
Featured News
RRL (ASX) Chart |