RMS Chart, page-2331

added boost to profitability
precisely!
From costs we will be soon moving to consideration of margin.
Why? Because the focus on gold is now a global phenomenon and with it comes fresh macro driven investment in gold producing stocks from global fund managers like Blackrock which, incidentally, is managing US$10Tn. For them- the global fundies- the attention will be on those gold producers that benefit most from higher margins and a higher priced gold complex .
AUD gold has leapt by AUD$250 per ounze in the past fortnight.
And conservatively, reliably managed Ramelius is projecting production into FY23, FY24 and FY25 of 800,000+ ounzes for average AISC in the vicinity of AUD$1700 per ounze for those 800,000+ ounzes.
So a AUD$250 increase in the gold price places an in-ground value on Ramelius gold resource at AUD$18Bn but it adds an additional $1.5Bn in prospective profit...prospectively, a 25% increase over what prevailed 2 weeks ago.
This margin/profit uplift may shift the dial for local fund managers who may be inclined/obliged to buy a few million RMS shares but for the data driven global fund managers we could be looking at buying, collectively, hundreds of millions of RMS shares.
And,for a global recommended overweight increase of say 1% of total portfolio (in the vicinity of US$200Tn) to gold bullion and 5% to gold producer equities ( by selling financial stocks) of which Australian equities get 25% what is the prospective unmet global demand over the next few months?
as they say....... do your own research and report back here.