RE: RNS Out!!!! Initial Mining Plan10 Feb 2026 07:55
I get what youβre saying, but I think youβre underplaying this. Passing investors care about one thing: production and cash coming in. This RNS moves ECR from βhope one dayβ to near term mining. Phase 1 alone is 938oz which is about Β£3.4m at current gold price, and thatβs using conservative numbers and only the starter area.
At 11m mcap the market is hardly giving Raglan any credit yet. Once first gold is produced and they show costs, even a move to 15β18m mcap is 35β65% upside short term. Thatβs before side creeks, deeper gravels or any expansion gets priced in.
Not saying itβs risk free, but this is exactly how these rerates start and people usually only notice after the first proper production RNS drops.