TBH I have increased my RMS holdings by 6 fold over the last 24hrs. I don't think this updated mine plan is as bad as the 708 brokers suggest it is. Looks to me like RMS has just joined the 5 billion NPV club. With all its organic growth potential, a modest hedge book position which is rapidly diminishing by the quarter along with this record-breaking gold price environment It's incredible to see RMS trading at a measly 1.5 x book value. Add in the front weighted cashflow over the next 6 quarters and RMS becomes an incredible buying opportunity for the opportunistic value investor IMO.
Interest received should more than cover any ongoing corporate expense.
RMS Price at posting:
$2.13 Sentiment: Buy Disclosure: Held
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