why would they be giving a 7.5 cent return on capital back to shareholders then? answer: because they will be 'awash with cash' if they dont! if that doesnt = confidence, i dont know what does.
IMO RMS isnt going to hit $6 any time soon. it would be grossly overvalued at $6 if it got there in the short term. the market cap would be like a billion as others pointed out. but then again the market COULD go ballistic over such a high grade hit, a bit like CDU did last year. who knows!
$6 is very achievable given a 2 year time frame however provided that they hit the same quality grades and successfully develop the underground mine using their own funds.
u guys should check out AAR too since its RMS' neighbour and they look kick@$$
DYOR!
mining news on burbanks plant, page-12
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.87 |
Change
-0.050(2.60%) |
Mkt cap ! $2.131B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.85 | $1.289M | 689.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 15814 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 6021 | 3 |
View Market Depth
| Last trade - 10.55am 01/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |