GREY:RNKLF - Post by User
Comment by
factRbeston Oct 03, 2017 11:29pm
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Post# 26773605
RE:Haywood Securities: Hold rating & $0.25 target price for RNX
RE:Haywood Securities: Hold rating & $0.25 target price for RNXstockmaster989 - (10/3/2017 9:37:25 PM) Haywood Securities: Hold rating & $0.25 target price for RNX According to Haywood Securities:
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Finally a little honesty
This line says it all and what I warned about almost a year ago.
"Our target price of C$0.25 is based on an EV/2018 CFPS multiple of 4.0x to reflect the production risk and potential cash requirements".
Once a company goes from explorer to producer all that matters in money.
All the rock in the group is not going to save you if you can't pay the bills.
Hopefully there were some that considered the concerns I expressed and it helped them protect their capital.
There is the nickel that could help. At the tonnage quoted for gold ore in this rec 3000t/day of ni ore would see 1/2 million dollars net cash per day.