The production and cost profiles look OK but there is also a thing called the market. Look at other gold stocks. Some are trading at < 50% of NTA. RRL is trading at 2* NTA. This is not the be all and end all but there are some seriously cheap gold stocks to pick from relatively. After the flooding I expected the mkt cap to come down to a level around $800m. Who knows if that will happen? Compared to the market RRL is not cheap.
update on flooding, page-39
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Last
$1.92 |
Change
-0.020(1.03%) |
Mkt cap ! $1.450B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.95 | $1.90 | $5.708M | 2.976M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16328 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 39645 | 3 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |