Brain must still be on vacation
22kozs at $150/oz difference = $3.3m/Qtr difference or $13.2m per annum difference not sure what happened with my figures before
But even that alone is equivalent to the companies current EV of around $10m-$15m once you take away cash and tangible assets such as gold inventory plant and equipment away from any payables.
Something I failed to take into account was that over the last qtr RMS suffered the double whammy of not just a falling gold price but also production issues which led to higher production costs
So this qtr they should enjoy the double benefit of a rising gold price making them profitable as well as improving production costs as they get back on top of their operations
high cost producer= highly leveraged to gold $, page-2
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Last
$1.94 |
Change
0.075(4.02%) |
Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.94 | $1.88 | $6.442M | 3.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13041 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 44693 | 3 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |