Regis needs to think long and hard about pursuing either a long term tolling arrangement with Newmont at Cadia or selling the project to them as a satellite operation.
I struggle to see how the market funds the equity raise required for this project on a standalone basis even at A$3,500/oz for POG.
Time for management to get some cash out of this project by leveraging the massive investment Newcrest made in Cadia (the Cadia plant is only c35km away from Blayney).
If Regis were to offload McPhillamy's it could focus explicitly on maximising cash generation from Tropicana and the remaining LOM at Duketon and slash its corporate overhead.
Ann: McPhillamys Gold Project Definitive Feasibility Study Update, page-15
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.82 |
Change
0.010(0.55%) |
Mkt cap ! $1.374B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.85 | $1.80 | $26.27M | 14.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 227466 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 173839 | 7 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |