Very reassuring indeed:
“By my way of thinking, the plus $2bn to $10bn Australian gold mining industry – that market cap range – is universally too cheap.”
“At current gold prices – not higher gold prices – these companies are all selling at prices that are as cheap as I have ever seen them in my career.”
“I also believe that the gold price will go up, so I am attracted to both the numerator and denominator in that equation.”
Apparently only one company falls into Rick Rule’s mid-cap takeover bracket. Although the article did not reveal which one, RRL appears to be the best fit for “Companies where the net present value of their cash flow, particularly where they have long life reserves, are substantially cheaper than their enterprise value,”
Rick Rule recommends RRL
Under valued, page-505
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Last
$2.48 |
Change
-0.130(4.98%) |
Mkt cap ! $1.873B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.50 | $2.43 | $11.87M | 4.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 32964 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 84034 | 6 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| RRL (ASX) Chart |