As you all know debt in this high interest rate environment, is usually toxic! This debt has now gone form negative to positive in a relative short time. The gold price is now $3700 OZ an ounce, now completely unhinged from hedging, so if they get asic down, focus on cutting costs, we have a margin of at least $1,000 an ounce. (minimal expenditure on on Mc Phillamys) (better underground mining plan) ( no rain events, act of God) etc,etc
Get production pumping, around 400,000 ounces, gives Regis Resources a P.E of around 3.
Please do your own homework and debunk everything I has written in a logical way, as I know F...Nothing.
RRL Price at posting:
$1.63 Sentiment: Buy Disclosure: Held
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