RED 0.00% 37.0¢ red 5 limited

just a reminder

  1. 1,870 Posts.
    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!
 
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Mkt cap ! $2.516B
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38.5¢ 39.3¢ 36.8¢ $11.13M 29.50M

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No. Vol. Price($)
32 2477379 36.5¢
 

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37.0¢ 582841 3
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