Resolute Mining - How Low will it go ?

[Daytr]

BC, they have $95M of debt which isn't huge considering the amount of production they have. I also think their ASIC is forecast to be between $A1000 & A$1100 for 2014. So with a A$ POG over A$1400 should give them EBITDA of around A$120M!

[Bobcat.]

BC, they have $95M of debt which isn't huge considering the amount of production they have. I also think their ASIC is forecast to be between $A1000 & A$1100 for 2014. So with a A$ POG over A$1400 should give them EBITDA of around A$120M!

Yes, I see now that their debt is not so bad. AISC for 2014 is forecasted to be $1175/oz (AUD) - see page 3 of this November CEO presentation:

http://www.asx.com.au/asxpdf/2013112...lc7w5w4djr.pdf

Anyway, with the POG lifting this morning to 1253USD (as I write this), we will almost certainly see a lift in RSG's price Monday, alongside most other PM digger stocks. Your investment yesterday does look to be a good one.

BC