Gold going off again tonight. USD $1,400 may get hit. Up lift continues to buoy AUD price...
1st quarter production out soon. One of the lowest cost/highest margin mines in AUS. 24,133K oz produced last quarter at a cash costs of $464 / oz and sold at $1,294 for is produced @ margin over cash costs for $24M.
What to spend the the next 20M + on...RMS here are some suggestions:
1 Get 2nd mine, Mt Magnet online NOW and announce an immediate ramp up to 200K oz GOLD pa production y/e 2010/11.
2 Begin a share buy back! Gold resource vs cap RMS is 3-4 times undervalued to its peers now. RMS may be best to "buy itself" on behalf of its shareholders with spare cash.
3 ? Thoughts... ?
rms 4m oz gold, 2 mines, 3-4 bagger from here
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Last
$1.88 |
Change
-0.030(1.57%) |
Mkt cap ! $2.128B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.90 | $1.85 | $2.660M | 1.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 36439 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 31662 | 15 |
View Market Depth
| Last trade - 14.33pm 30/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |