RRL have basically paid $1,125 per Reserve oz for their 30% share in Tropicana ($900M divided by their share of Tropicana Reserves which is 0.8Moz). That's extremely expensive, and I honestly can't figure out the logic.
Discovery costs for explorers can range from $5-$25 per/oz, so we're talking a multiple factor premium for them to basically buy a share of Tropicana production, but also the costs of production and overheads that go with it.
I don't if other alternatives were considered, but for context the entire MC of Bellevue Gold is less than what Regis paid for a third of Tropicana.
RRL have basically paid $1,125 per Reserve oz for their 30%...
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Last
$1.74 |
Change
0.000(0.00%) |
Mkt cap ! $1.310B | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.76 | $1.71 | $8.176M | 4.719M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 1418 | 1 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |