Great commentary Trombone. Not sure I agree that pumping out 330K at an average cash cost of $880 per ounce (forecast, year ending 30/06) is a pittance. Add to this the 174% expansion of Ravenswood's reserve base (in excess of 1.5 million ounces) and significant further optimisation of Syama. That makes RSG something special.
As to RSG's current price, I think we are seeing general nervousness with respect to future Gold price movements. January's correction brought out some bearish commentary suggesting Gold had run its race and, in spite of new all time highs, there is still risk aversion when it comes to equities. Personally, I see gold much higher (1500+). Even holding above 1400 my price target for RSG is $2.00.
Takeover prospects would need to come with a significant price premium. RSG is tightly held by some with a valuation much in excess of mine.
Great commentary Trombone. Not sure I agree that pumping out...
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Last
40.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $856.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5454 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 42701 | 2 |
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| Last trade - 16.16pm 15/11/2024 (20 minute delay) ? |
| RSG (ASX) Chart |
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