Or Deg which has a market of 1.5bil, and aims to produce around...

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Hiepn2_2005

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03/11/21

18:19

Post #: 57293147
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Originally posted by Andyrooo: ↑

Nice summation CP.

I'm new here today, so perhaps I'm looking at this too simply.

However I noted RRL said in the last Quarterly Report that they're still on target to achieve FY22 production guidance. I understand that is ~500,000 ounces of Gold.

Yet RRL has a MC less than SLR, which only hopes to achieve production of 250,000 ounces of Gold for FY22.

Also, RRL has a MC 1/7th of NST who expects to produce 1,500,000 ounces of Gold for FY22 (and HOPEs to produce 2,000,000 by 2026).

Is it reasonable to conclude that RRL is considerably undervalued relative to other Oz Gold equities?

I had planned to sit out the FOMC announcement but the RRL share price seemed like an opportunity. I expect the US Fed to move from deliberate liquidity support to "as needed" support. Democracy humiliated as incumbent politicians do whatever "is needed" to get themselves re-elected, rather than the "right thing".

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Or Deg which has a market of 1.5bil, and aims to produce around 400k, whom are only at the feasibility studies not yet financed.
RRL is way undervalued compared to other companies. Definitely an anomaly.

DYOR.

RRL Price at posting: $1.91 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last $4.49		Change -0.070(1.54%)		Mkt cap ! $3.384B

Open	High	Low	Value	Volume
$4.54	$4.54	$4.45	$14.40M	3.212M

Buyers (Bids)

No.	Vol.	Price($)
1	2269	$4.48

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Price($)	Vol.	No.
$4.50	55705	3

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No.	Vol.	Price($)
1	2269	4.480
2	44961	4.450
3	33384	4.440
2	20784	4.430
1	2272	4.400

Price($)	Vol.	No.
4.500	55705	3
4.510	28718	2
4.520	16651	2
4.550	1000	1
4.580	6000	1

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RRL (ASX) Chart

Or Deg which has a market of 1.5bil, and aims to produce around...

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Or Deg which has a market of 1.5bil, and aims to produce around...

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