RMS 1.38% $2.20 ramelius resources limited

gold correction target $1, page-138

  1. 1,262 Posts.
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    BTW, if RMS hadn't sunk $182M into Rebecca, their EV/annual AISC margin would be 1.45 - lowest I've ever seen was 1.40, and that was for Superior (Canadian who runs Plutonic) when they were skidding along near business failiure.

    I'm just saying the current share price is very reasonable, unless one thinks gold is returning to A$1600 and the global markets are going to freeze up.

    Quite in favor of the AOP acquisition. IMO RMS nailed down a long-term supply that they took a close look at and know they can make a good profit on, plus got some blue-sky exploration potential. But man is this cheap right now.
    Last edited by PulpCutter: 30/06/22
 
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