"Red 5 (ASX: RED) has taken a step towards returning its King of the Hills gold mine in WA to 200,000oz-a-year status, according to Perth broker Hartleys, justifying a Speculative Buy recommendation and 10.4c price target for the stock."
See the latest from Resources Rising Star
https://resourcesrisingstars.com.au/news-article/hartleys-sets-104c-price-target-red-5-it-‘plots-king’s-restoration’
This still seems a very conservative valuation for a 200k oz p.a. producer (which doesn't include Siana) but, the world is full of potential.
Let's hope the 'pregnancy' delivers many health offspring .... but until then, the SP will languish unless the general gold market doldrums greatly improves. So many undervalued good goldies at the moment, despite a good A$ gold price, makes one wonder where the market is headed. A traditional January rally in the POG and miners would be a nice NY present ..... all the best for Xmas & NY.
"Red 5 (ASX: RED) has taken a step towards returning its King of...
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Last
35.0¢ |
Change
-0.025(6.67%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.0¢ | 34.5¢ | $10.28M | 29.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 235887 | 8 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| VAU (ASX) Chart |