I have just have changed my cash flow numbers to change gold/silver/exchange rate to US$1,050/oz, $15.0/oz, 0.89 cents respectively, and using a 10% discount rate get the following (by the way I typed incorrectly the previous post, I meant US$1,050, not US$1,105/oz - very sloppy Beatle!).
For US$1,050/oz:
RED valuation = 28.7 cents
Ave annual EPS (life of mine, ie over 10 years) = 6.0 cps
Ave (Life of mine) P/E = 2.24 (based on 13.5 cents!!!).
Those numbers prove this current share price and panic is absolutely CRAZY. It MUST recover simply due to the revenue profile when in production.
secret is out, page-8
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Last
39.5¢ |
Change
-0.020(4.82%) |
Mkt cap ! $2.686B | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.0¢ | 39.0¢ | $9.181M | 23.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1243803 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 139143 | 5 |
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| RED (ASX) Chart |