I'd say very good chance of interim dividend ezirida. My estimate would be 4 cents. I think if they go down the acquisition path it'll probably involve script and maybe a bit of debt.
The exploration results have been exceptional. Gloster looks like it will be a winner when they announce new JORC resource this month. If they match the grade of the 1996 resource then than it 1.37 g/t or 50% above current grade at Moolart Well. Replace half the current MW feed with Gloster and then should boost MW by 20k oz a year. Put some higher grade through GW too to boost production.
Conceivably next FY could be more like 340,000 oz production target. Pure guess work from me at this point though.
RRL Price at posting:
$2.35 Sentiment: Buy Disclosure: Held
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