RND rand mining limited
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RND valuation calculations., page-9

  1. albatrosss
    22,948 Posts.
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    20/01/20
    04:21
    Post #: 42463186
    I also went through the resource and reserves statement of last june , prepared by NST
    A million ounces of reserves @$1500aud
    around 5g/tone
    Crazy stuff.
    A rough calc on that gives
    125,000 would be RND share
    At these gold prices , that is double the present market cap.
    And you can double that again if you look at the resource.
    And $1500 aud gold price ???
    thats a bit conservative now , i would think.
    Even at say $1250 ASIC , you are talking huge moneys or gold bar accumulation.



    RND Price at posting: $2.28 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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