I have studied today's Maquarie Forum presentation and can see why the RMS share price is starting to show good positive momentum. Mark is presenting the same consistent guidance for 2022-2023 as has been presented previously. His guidance over the last few years has almost always been met or exceeded.
The figures speak for themselves:-
Expected Production increase of approx. 21,000 ounces
Expected AISC approx. A$245 less per ounce
With the midline production guidance at 262,500 ounces, those simple figures predict an EXTRA profit of A$64,312,500
For those who doubt the hope these figures give and don't rely on predictions, just FACTS, bear in mind that the average gold price for the first 5 months of this financial year has been approx. A$400 more than for the last financial year.
Those other pessimists who carry on about hedging will also be pleased to know the average hedge price for the current financial year is over A$200 per quarter more than the 2022-2023 year. There is also a slightly lower rate of hedging compared to production.
RMS has many drill results still to publish and also a re-estimation of reserves and resources which is almost certainly going to be significant.
Fundamentals always beat guesswork and predictions. I am not suggesting this blog should affect anyone's decision making it is simply my observations and gives me more confidence in my investments. Good luck to all other jockeys of the Golden Horse, and good luck also to the disbelievers.
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