A 600k Oz/pa production profile with a $AUD 3k + POG would make the share price easily 4 bag. A dividend per share of $0.25 pa would also be easily payable.
I have a few speculative precious metal exposures but RRL appears to be the best value for money bread and butter gold producer out there. If you are a long term holder I believe a very good income + capital gain opportunity is there for the taking right now.
While the POG sits below $AUD2,500 I would be inclined to close out 100k ounces of the hedging if project funding was readily available to fund new projects.
RRL Price at posting:
$3.76 Sentiment: Buy Disclosure: Held
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