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
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- high cost producer= highly leveraged to gold $
high cost producer= highly leveraged to gold $, page-2
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