by the end of 2025 RMS, GOR and maybe RRL will have cash+bullion+investments exceeding $A1.5b (2 are close to $900m now) at current gold prices. What are they going to do with all that cash? return some to shareholders yes but more likely to take over other gold developers or explorers. If POG keeps going up they may end up with $2b - now look at their current MC - they look very cheap
All Gold stocks are now very very cheap
Imagine what SPR MC will be in a year if there is a takeover?
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Last
$2.13 |
Change
0.000(0.00%) |
Mkt cap ! $2.847B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| SPR (ASX) Chart |
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