One of the problems with the Tropicana acquisition was the limited reserve base which made it looks expensive.
RRL assumed that the reserve base would increase based on near mine exploration but based on this announcement, the addition of 300 koz is smaller than 2021 depletion of 400 koz.
Ann: Mineral Resource and Ore Reserve Update at Tropicana, page-3
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Last
$4.64 |
Change
0.000(0.00%) |
Mkt cap ! $3.505B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $4.75 | $4.61 | $14.17M | 3.044M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 205 | $4.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.67 | 47714 | 2 |
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| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| RRL (ASX) Chart |