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Valuation explanations need work

Ramelius Resources claims to be one of the most undervalued Australia-focused gold producers. It could be right, but for the wrong reasons.

Valuation explanations need work Valuation explanations need work Valuation explanations need work Valuation explanations need work Valuation explanations need work

In a recent presentation to investors, Ramelius chief executive Mark Zeptner described the company as significantly undervalued. Central to his argument was the company's ranking alongside 12 other companies based on enterprise value per ounce of expected gold production in 2018/2019. 

 

At the head of the list was Northern Star Resources with a value around A$6,300 (US$4,511) per ounce of production. Evo...