Gold currently 1100 USD/oz, and fx is .7284, which means still over $1500/oz
I read all the above reports, I did not buy because they said so. I still think the only issue with RRL is RRL itself with their production woes, grades and mine life. They seem to address this quite adequately, my personal target is $1.5 in the short term but $1.8 long term. Their cost of production is very low compare to most, serisously undervalue against their peers and they are hedged with a floor of $1425/oz which is still very profitable.
I'll be accumulating if this doesn't hit $1.4 on Monday.
Dyor
RRL Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
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