RMS tends share price tends to track the gold price slightly above the gold price movement.
Today gold rose 1% RMS rose 2.2%
Being very conservative. If the gold price rises by a further 25%, It would be reasonable to expect a 40% rise in RMS share price.
$2.20 to $2.50 is achievable.
In 2022 the market will likely keep gold above 2000 ounce, unrest in Europe has spooked markets and there are billions in investments which will likely be funneled into gold. This should keep gold bouncing between $2500 and $3000 USD ounce for some time.
I cant see any other alternative, energy, currency, and resources are too volatile.
gold $3500 aud with 21 days
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Last
$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |