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!
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Last
$2.48 |
Change
0.075(3.13%) |
Mkt cap ! $2.823B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.49 | $2.43 | $4.808M | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 31386 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 60817 | 20 |
View Market Depth
| Last trade - 13.39pm 21/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |