the feeling of being ripped off or not depends on the proceeding direction of the gold price.
i try not to target any price level persay and more a pe/free cashflow to ev. Its still not stretched at these levels and is arguably cheaper today than it was last year.
regis is almost priced like duketon is done in terms of reserves but these undergrounds have a habit of continually providing.
mcp looks much much better at these gold prices, and the fed election could change the math here. This could be short term negative for rll tbh with capital outlay requirements. will have to see.
rumour mill is they are bidding for ravenswood which i have a bad feeling about give where gold is and what the seller is likely to want. Will have to see.
RRL Price at posting:
$3.99 Sentiment: Buy Disclosure: Held
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