RMS 1.60% $1.90 ramelius resources limited

is value appearing or bad news pending

  1. 2,462 Posts.
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    $360m
    $100m cash
    $6m in assets

    e/v $250m

    Wattle Dam

    Expecting 65000 oz from WD this year at say $500 cost and gold @ 1200 avg. = $45m profit

    so I'll give it a value of $45m given the nature of WD unless someone can
    point me to a stated reserve or resource calculation

    Mt. Magnet targeting 90,000oz @ 900oz cost and avg. gold price @1200 so expecting a $27m profit pa $162M free cash flow over 6 years

    Current resource 3 moz which would take 30 years to mine at current rate
    so hard to give too much value as a producer just yet

    so here at 95c I am paying close to $200m. giving no upside to WD and expansion plans for Mt. Magnet

    so going forward the March production report will be crucial for MM or is the market already telling us something..

    by buying some today I think a 20% return is achievable

    does anyone know if these guys a covered by research ?
    what's the consensus price targets?
 
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