Based on 300k oz pa production with a $1000 per oz margin and a PE ratio of 10, I reckon they could be worth north of $6 per share. If I recall correctly, Equigold had a PE of ~10 when it was taken over (I think). If a perfect storm developed (>$2000 per ounce gold price, further reserve/resource increases, further exploration success), I reckon they could be worth closer to $10 per share.
Based on 300k oz pa production with a $1000 per oz margin and a...
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Last
$1.67 |
Change
-0.005(0.30%) |
Mkt cap ! $1.261B | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.69 | $1.63 | $5.625M | 3.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46682 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 17359 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |