It has been a strong start to the week for Ramelius Resources Ltd (ASX: RMS) shares.

The gold miner is up 6.98% to $3.83 in midday trade on Monday after releasing its latest update to the market.

However, the stock is still down around 8% since the start of 2026.

So, what’s behind the sudden buying?

Gold output could triple by FY30

According to the release, Ramelius expects to produce between 205,000 and 225,000 ounces of gold in FY27.

All-in sustaining costs (AISC) are forecast at between $2,150 and $2,350 per ounce.

From there, though, production is expected to really start stepping up.

Ramelius is guiding for 250,000 to 300,000 ounces in FY28, before climbing again to 410,000 to 460,000 ounces in FY29.

By FY30, the company is targeting annual production of 560,000 to 610,000 ounces, with AISC of $2,100 to $2,400 per ounce.

That would be 11% above its previous FY30 production plan and around 205% higher than FY26 output.

A lot of that growth should come from Mt Magnet, which could produce 420,000 to 460,000 ounces in FY30.

Rebecca-Roe is expected to contribute another 140,000 to 150,000 ounces that year.

Ramelius is spending heavily to get there

Of course, getting production up to those levels won’t be cheap.

Ramelius expects growth capital expenditure of between $480 million and $570 million in FY27.

A large chunk of that is set to go towards Mt Magnet.

The cost of expanding the processing plant has now increased to around $280 million, up from the previous estimate of $223 million.

The company said the increase reflects higher costs, greater fixed-price coverage, and extra infrastructure work.

The expanded plant is targeted for completion in the December 2027 quarter and should lift total throughput to 4.3Mtpa.

Commercial production is expected to start in the March 2028 quarter.

Ramelius has plenty of firepower

The good news is Ramelius isn’t heading into this spending phase short on funding.

The company said its cash, gold, and investment holdings currently sit above $1 billion.

That includes proceeds from the recent Edna May hub sale, which brought in $210 million in cash and another $90 million worth of Forrestania Resources Ltd (ASX: FRS) shares.

Ramelius said the growth plan remains fully funded, which gives it a bit more breathing room while spending ramps up.

Management also expects the stronger production profile to start showing up in cash flow later in the decade.

By FY30, Ramelius is forecasting free cash flow of as much as $1.5 billion, based on a gold price of $5,500 per ounce.

The post Why is this ASX gold share rocketing 7% on Monday? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Life360 Inc (ASX: 360) has been one of the standout ASX growth shares in recent years.

The company is still growing its user base, subscriptions, and advertising revenue at a strong rate.

With the shares trading around $18.72 on Monday, is Life360 still one of the best ASX growth shares to buy?

The growth story still has plenty of room

What I like about Life360 is that it has already built a huge global audience, but I do not think the business is close to reaching its full potential.

The company finished the second quarter with around 102.4 million monthly active users (MAUs), showing just how large the platform has already become.

I still think there is plenty of room to add to that number globally. Just over half of its MAUs are from the US market, which demonstrates its significant global opportunity. 

There is also an opportunity to make more from the users already on the platform. Despite increasing by 27% year on year to 3.2 million in the second quarter, Paying Circles still only represent 3.1% of its overall MAUs.

Advertising gives it another way to generate revenue from the much larger group of users who do not take out a subscription.

That is what I find interesting about the growth story. Life360 can keep adding users, convert more of them to paid memberships, and build advertising alongside that.

If it can keep making progress across those areas, I think the business could be considerably larger in a few years.

Life360 shares could become very cheap

This is probably the part of the investment case I find most interesting at the current Life360 share price.

Consensus forecasts point to earnings per share of 54.4 cents in FY26, rising to $1.16 in FY27 and $2.14 in FY28.

At $18.72, that puts the shares on a P/E ratio of roughly 34 times forecast FY26 earnings.

But the valuation falls quickly if Life360 delivers the earnings growth analysts are expecting.

The shares would be trading at around 16 times FY27 earnings and less than nine times FY28 earnings.

For a company that is still growing its user base, subscriptions, and advertising revenue at a strong rate, I think that would be dirt cheap.

Of course, those forecasts are far from guaranteed.

Life360 will need to keep growing revenue and translate more of that growth into profit. But if it gets anywhere close to the current expectations, I think today’s share price could eventually look very inexpensive.

What could go wrong?

The biggest risk for me is that the earnings forecasts prove too optimistic.

A lot needs to go right for earnings per share to increase from 54.4 cents in FY26 to $2.14 in FY28.

Growth could slow, advertising may take longer to develop, or the company could decide to invest more heavily than expected.

That could leave the shares looking much less cheap than the current forecasts suggest.

Foolish takeaway

I think Life360 is one of the ASX growth shares I would want to own.

The business continues to grow strongly, and there are several ways for it to make more from its huge global audience.

If Life360 comes close to delivering the profits currently expected over the next few years, I think today’s share price could prove to be a very good entry point.

The post Is Life360 one of the best ASX growth shares to buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

In what appears to be a delayed reaction to a bullish outlook in the company’s annual report released last week, Codan Ltd (ASX: CDA) shares have surged to another record high.

The stock hit an early high of $51.64 on Monday before settling slightly to be 2.7% higher at $51.43.

The company’s value has increased 71.6% over the past 12 months, and it is now worth $9.13 billion.

Both Codan divisions performing well

Codan’s major revenue-earning divisions are its Minelab metal detection business and its communications division, which includes technology used in unmanned systems.

The communications divisions last year achieved revenue of $506.2 million, up 22% on the previous year, beating the company’s guidance and “driven primarily by strong demand for unmanned radio systems”, the company said in its annual report released last week.

The company said:

Communications’ segment profit increased by 45% to $156.0 million with segment profit margins expanding to 31%, up from 26% in the pcp, reflecting favourable product sales mix and operating leverage. Pleasingly, the segment exceeded the achievement of 30% end of FY27 profit margin target by 18 months. Revenue from defence customers represented 58% of total Communications revenue (up from 38% in FY25), underscoring the increasing importance of this vertical to Codan and reflecting the global tailwinds of sovereignty and increased defence spending commitments.

Codan said revenue from the unmanned sector more than doubled to $215 million over FY26.

In the metal detection division, Codan said the result was “exceptional”, with revenue up 42% to $362 million and segment profit up 65% on FY25.

The company added:

Minelab successfully launched four new products in FY26 in the gold, recreational and countermine markets, including the new flagship GPZ8000 gold detector, the Gold Monster 2000, the Vanquish 60 and Countermine’s MDS-20 detector. These launches reflect Minelab’s global technology leadership across its detection portfolio.

On the outlook, Codan said it was entering FY27 with positive momentum.

The communications division is targeting full year revenue growth in the order of 20%, with the first half of the year to be “significantly” strong than the same period in FY26. Minelab is well positioned for FY27, with a full 12-month contribution from recently launched products. Early H1 FY27 market conditions have been positive, with strong demand in particular for the new GPZ8000 and Gold Monster 2000 detectors.

The company will provide a further update at its annual general meeting on 20 October.

The post Codan shares hit a new record high after the company predicts another strong year appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.