GREY:RNKLF - Post by User
Post by
pierregon Dec 05, 2019 2:15pm
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Post# 30425955
Darp Research AKA @Geodan reacted to todays Red Cloud report
Darp Research AKA @Geodan reacted to todays Red Cloud reportDarp Research AKA @Geodan reacted to todays Red Cloud report https://www.redcloudfs.com/wp-content/uploads/2019/12/20191205-RNX-Initiation-1.pdf Seeking Alpha Dec. 5th:
« Transformed into a profitable gold producer. The discovery of coarse gold at Beta Hunt (2018) and the acquisition of the Higginsville mine and mill (2019), has transformed it into a focused, Western Australian gold producer (previously Ni focused). We model RNC producing 106.2k oz at cash costs of US$773/oz, generating EBITDA of C$86.3M and FCF (CFO+CFI) of C$60.1M in 2020, a significant increase over 2019, suggesting it is undervalued.»
Those are best #s any house has put out on RNC. »