Just an additional comment - in 1 year if RMS SP does not move up or down from its current level its EV could be as low as $700m to $1,000m producing free cash flow of $700m to $1,000m pa - it would be on a cash flow/EV ratio of between 0.70 and about 1.40 - ridiculously cheap. Never seen a producer selling on such low EV multiples especially producing 300k OZ pa even if its production in future years is lower. (I am assuming no dividends which I know is not correct but my comments are just illustrating how cheap RMS is).
SPR Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
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