Cheap indeed I took the opportunity to add some more at 1.93. Crazy prices won't last for ever. Go back have a look at Q4 2021FY. I think that this next quarter will be similar if not better.
Quarterly gold production of 114,145oz at an AISC of $1,387/oz with a Duketon record of 96,829oz. Add back 30K from Tropicana and you look like 125K.
Temper that with labour and resource bottlenecks you are probably between 115-125K ounces.
If we meet low side forecast 460K Revenue will be circa 1+ billion AUD and our market cap is 1.4 billion AUD. Gross cashflow is 400 million so using 5 multiplier ( conservative ) you get MC of 2 Billion. Implies the SP is 40% below fair value on earning basis. Assuming the dividend stays at 8 cents the current yield is 4%.
RRL Price at posting:
$1.93 Sentiment: Buy Disclosure: Held
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