RED 0.00% 37.0¢ red 5 limited

RED v GOR, page-7

  1. 4 Posts.
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    https://hotcopper.com.au/data/attachments/3690/3690757-e1b66bc3ba129f7a6f8e31415709956b.jpg
    Page 7 of investor presentation released to market on 14th Oct 21.

    SLR and RMS both market cap ~$1.4bn depending on the day
    GOR ~$1.2bn
    SBM ~$1.1bn

    RED holds a little execution risk between here and June 2022 but if:
    1. Everything goes well operationally (potential upside here as you mentioned with production upgrades what we have right now is debt fundable);
    2. Market stays rational; and
    3. Gold price holds up (upside here with all the inflation chat floating around)

    Then it should be good for at least a ~2.5x from today
 
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