RSG 1.23% 40.0¢ resolute mining limited

So another negative thread title, "what's wrong", to follow the...

  1. 11,185 Posts.
    lightbulb Created with Sketch. 2609
    So another negative thread title, "what's wrong", to follow the last one "something fishy here".

    Why don't we see these thread titles on NST where something really fishy is happening.

    P/E ratio based on half year performance $9.575/(2 x $0.13)= 36.8 !!!!!

    So based on NST's current profitability it would take 36.8 years of profits to make its own market cap.

    No let's be fair, NST have $292 million cash and bullion at hand which is equal to 1.78 years of profitability so it would take NST 35 years of operations at its current profitability to equal its current EV.

    Well that will be a tough ask for them at their current annual production guidance of 850koz to 900kozs seeing as they only have reserves of 4,748,000 ozs. That's only 5.6 years of production based on current reserves and a production rate of 850koz/annum. Based on resources of 20,541,000ozs that is still only 24 years. How much will it cost to convert resources to reserves and how will NST replace 850koz-900koz of production each year. Definitely not from exploration around their aging mines.

    Why don't people go start threads with stupid titles on the NST threads to question how fishy NST's valuation currently is. Esh,
 
watchlist Created with Sketch. Add RSG (ASX) to my watchlist
(20min delay)
Last
40.0¢
Change
-0.005(1.23%)
Mkt cap ! $1.543B
Open High Low Value Volume
40.5¢ 40.5¢ 37.5¢ $22.35M 57.19M

Buyers (Bids)

No. Vol. Price($)
2 14881 39.5¢
 

Sellers (Offers)

Price($) Vol. No.
40.0¢ 668567 8
View Market Depth
Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
RSG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.