under performing, page-135

@happy hippy

RSG is not an AUD gold stock - it is a USD gold stock - because 2/3rds of income comes in WAF

it will perform more like USD goldies- but with RSG specifics around fact its a massive developer rather than a fully bloomed miner at current stage - which is why its been a serial underperformer past 12 months

usd goldies are on margins approx ~30-50% below AUD goldies - hence the current difference in valuations. Our producers are getting $700aud an ounce gross margin - US producers are generating around $us250

its v cheap vs peers because its still to prove it can deliver full 300kpa ounces under new mine formats

getting dragged higher atm because of the relative valuation discount

if and when it can prove deliver of the above then it will be a staggering re-rate if goldies continue to move north