McP would still add 2Moz plus to the book value so still will be will be a much needed approval. They have said once approved we would start seeing production within 12 to 18 months so not too much of a lag. Of course will take 3 to 5 years before running fully. Still I would be surprised not to see a 20 percent rerate in valuation and at least a 10 to 20 percent jump in sp once approved.
RRL Price at posting:
$1.76 Sentiment: Hold Disclosure: Held
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