should add that i always consider a key to be ounces - NCM produces 2.2-2.6Mozpa - so its profits rise enormously for every $1 increase in aud pog. thats why historically it gets that up to 50% premum to midcap leaders who produce 1/10th to 1/4rd the gold and usually at higher aisc so less safe
thats part of the discount risk in rsg - its 1280 aisc at 300koz - but market has to factor what happens if it only pumps out 250koz due to transition - then its aisc might end up at 1450,
thats why pairs trader will play long ncm/short rsg for eg. zero risk to gold price and low risk good returns
but at a certain point rising gold price generally stops people shorting - which is when id expect rsg to really start to improve - assumign its operationally proving itself
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Mkt cap ! $1.564B |
Open | High | Low | Value | Volume |
72.0¢ | 73.5¢ | 70.5¢ | $11.81M | 16.34M |
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---|---|---|
3 | 143270 | 72.5¢ |
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Price($) | Vol. | No. |
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73.5¢ | 489207 | 13 |
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2 | 100270 | 0.725 |
1 | 30913 | 0.720 |
3 | 85865 | 0.715 |
5 | 115293 | 0.710 |
6 | 442845 | 0.705 |
Price($) | Vol. | No. |
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0.735 | 80643 | 8 |
0.740 | 221100 | 13 |
0.745 | 165897 | 9 |
0.750 | 864393 | 32 |
0.755 | 80813 | 2 |
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