RMS ramelius resources limited

rms asset backed 65 cents, page-6

  1. 1,937 Posts.
    you never give up big fella. now add your multiples (you keep leaving offthe multiples).

    on earnings of $80M p.a (say), eps = 27.5cps; apply conservative 5x p/e = $1.37 (since knwon mine life < 5 years);

    not unreasonable for a p/e higher than this on extended mine life and speculation = 10x p/e easy = $2.70 (is up to the drill results now), speculation will take care of the rest

    on book value - the same, if you said book value of $150M, but could produce $80M p.a. over 5 years = $450M npv = $1.54/shr

    now add on an roe > 15%, and this will attract some visitors to the site. just using WD production

    all pending POG > $1200 and extended mine life, and MM becoming a producer. time to buy another gold minow itching for exploration imo.
 
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(20min delay)
Last
$2.47
Change
0.100(4.22%)
Mkt cap ! $2.863B
Open High Low Value Volume
$2.38 $2.49 $2.37 $32.21M 13.13M

Buyers (Bids)

No. Vol. Price($)
3 70796 $2.46
 

Sellers (Offers)

Price($) Vol. No.
$2.49 23426 3
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