For those that either have lost sight of the fact of RED's fundamental valuation based on Siana alone plus cash excess to capex (AUD19 million approx), at various gold prices:
[10% discount rate, Ag = US$16 (current US$16.95)]
Current gold price US$1,100 - 30.2 cents per share
US$1,050 - 27.8 cps
US$1,000 - 25.3 cps
This confirms the absolute discount that RED is enduring at present, and BEFORE the start of first production any discount to gold price valuation will turn into a PREMIUM!
This is irrespective of Mapawa success or not.
This means RED is CHEAP IMO!
just a reminder
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Last
41.5¢ |
Change
0.025(6.41%) |
Mkt cap ! $2.823B | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 41.8¢ | 39.0¢ | $7.076M | 17.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 48036 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 35276 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |