News SummaryDJ Regis Gets New Bull in Citi as Share-Price Catalysts Loom -- Market Talk Regis Resources is at the start of a rich year for share-price drivers, Citi says, upgrading the Aussie stock to buy from neutral following a 15% drop in value since mid-August. One of those catalysts is a definitive feasibility study for its McPhillamys gold project in eastern Australia. Citi expects the mine to produce 191,000 oz of gold annually at an all-in sustaining cost of A$1,000/oz.
McPhillamys won't rely on river water, and that is important given drought conditions in eastern Australia. Instead, the operation will use recycled water from the Mt Piper Power Station and Centennial Mine. ([email protected]; @dwinningWSJ)(END) Dow Jones NewswiresOctober 28, 2019 20:18 ET (00:18 GMT)
RRL Price at posting:
$4.61 Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)