Valuation and SWOT Analysis - MOY, page-52

Yes, I had to include BLK to show the lowest level and GCY is there to show how over-valued it is at present.
I would not write off RSG. They have large reserves and some of the largest JORC resources on the market. They are on track to producing 300 Koz with 500 Koz as the target. That makes them long life producers and so their teething problems at Syama with automated mining will not be an issue if it delivers the lower costs and other claimed benefits.
Agreed as to MOY being in transition and looking forward to increased production, reserves and resources going forward. Bit of an ugly duckling at present but I have made money from them over the past two years and have bought more recently with the slump in the SP. The low EV to Production figure gives confidence for a rerating. Their forward looking mid-point AISC of $1337/oz is roughly mid-range but still gives a respectable margin with gold at current levels.