No we are on the cusp of transition from explorer to producer,...

No we are on the cusp of transition from explorer to producer, it may be time to weigh up the value of RED in terms of dividends
We all know RED carries no debt and future profits should be returned as cash to shareholders

Let us do the sums on an average of 80,000 ozs production not to mention silver credits

Gross margin is hinted at over $1000 per oz which is $80M

Shares on issue 128 Million so 80M divided by 128M

Is over 60c a share

SP now $2.10


60c return per annum on $2.10 share not a bad PE ratio hey ?

(Even try worse case scenario and halve production or even halve Gold price it's still a viable proposition)


What the hell is going on RED PR machine you say, we should be shouting this from the rooftops ???

Let's face it RED is not in need of funding or increasing holder base

One could surmise RED are happy with current funding team who bought in at $1.70 and provided current startup cash and they are the holders who need to be looked after ?

Is mining in the Philippine's worth that much discount for risk ?

I guess re-rating will be big when the investment community gets a whiff of RED's potential


It looks as RED will supply me a nice retirement income for a few years yet


PS: Don't forget MAPAWA ;)