RMS 1.57% $1.88 ramelius resources limited

rms 4m oz gold, 2 mines, 3-4 bagger from here

  1. 1,711 Posts.
    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... ?
 
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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
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Last trade - 14.33pm 30/07/2024 (20 minute delay) ?
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