1 The driving forces of the gold price are very volatile. 2 A revaluation of pricing ounces needs to take into account a correction. 3 Re pricing in ground gold ounces would require a stable median gold price for longer than 2 to 3 years. 4 Your exceptionally high price wipes out profit from the holding cost and lead time to development. 3 * A$1575 per ounce for P&P (50%). is crazy based on that price with 2 million ounce production over 10 years you run at a loss even with mining cost of $1000 ounce. To purchase and hold 2 million ounces at that price it would cost 5 to 6 billion to hold for 10 years and you would only achieve 2 billion in after tax profit. Industrial stock give a better return.
RMS script deal masks over paying. 1 RMS already have 20% of SPR 2 SPR will have 40% of RMS which mean we are paying $2.4 billion to gain 40% more of SPR project. 3 RMS is also giving SPR 40% of our projects. 4 We are giving them 3.6 billion in gold over 13 years to gain 40%
RMS Price at posting:
$2.16 Sentiment: Sell Disclosure: Held
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