Cash at bank $90 million
Gold price $1150 long term
less cash cost $850
profit at .80au..$587
profit at .90au..$427
profit at parody.$350
profit at $1.05au...$245
Inground value of 3.5million ounces
at 10% price of gold price at varying exchange rates.
The best case scenario.
.80 $205 million
.90 $149 million
parody $122 million
$1.05 $85 million
Todays value is $90 million cash plus $85 million for mt magnet plus $30 million from wattle dam. 205million/290million shares.
Rms today is asset backed 70 cents. If you allow for speculation, maybe $1 to $1.10 is reasonable. If the commodites crash takes gold back to $900oz a fall back to .80cents is achievable.
There might be merit that industry cash cost for producing gold is an average of $800 usd but that only applies to current discoveries. New discoveries could bring that cost down. Futhermore the market could be flooded with gold.
I tend to think there might be some trueth that the gold price has a long term price over 800usd but not before the crash.
valuation based on current mine plan
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Last
$1.89 |
Change
-0.045(2.33%) |
Mkt cap ! $2.162B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.94 | $1.88 | $7.821M | 4.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 89751 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 14263 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |