RMS 0.53% $1.89 ramelius resources limited

Correction to my previous comment on Euroz Hartleys...

  1. 217 Posts.
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    Correction to my previous comment on Euroz Hartleys valuation.

    "It appears to me that they have taken the updated LOM into account and their base scenario target price of 1.90/sh is based on POG close to current levels (as of 10 Aug 21 date of report, say around USD 1750). This is very comforting."

    I had a closer look into their Val/Sh table, the $1.40 valuation and $1.90 base scenario target price is actually based on POG @ 1850 USD and exchange rate of 0.74.

    Current POG is around 5% less than 1850 and the exchange rate is just under 0.74. Using their Val/Sh table, the current valuation is roughly $1.3 and the target fair SP would be around $1.76 (e.i. 1.3 x 1.9/1.4). This is still quite reassuring.
 
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$1.89
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$1.89 $1.90 $1.87 $4.555M 2.420M

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No. Vol. Price($)
40 38200 $1.89
 

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Price($) Vol. No.
$1.89 25331 21
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