There was no official ore reserve or resource increase, however the overall theme of the conference call was extremely positive and upbeat.
Basically they feel that everywhere they explore at Duketon and Tropicana leads to more exciting finds. On the subject of where development funds will be focused, Beyer said "its easy to feel like a kid in a candy shop".
He also said that there are exciting exploration opportunities surrounding McP, although at this stage they are concentrating on permitting and approvals.
Overall, the message I got, was that the LOM of all Regis projects is much longer than originally accounted. Beyer began the CC by stating Regis is still very much concentrated on growth.
The POG down on friday night but still well above the previous resistance at US$1,835. The GDX and major miners down on friday night too. The GDX still above previous resistance around US$33.50 also. Not by much though.
Most Oz Goldies down this morning. Regis is holding the best.
AGM this thursday.
RRL Price at posting:
$2.10 Sentiment: Buy Disclosure: Held
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