no no no no no! Please no! The time to consider any JV was when they considered purchasing McPhillamys not 12+ years, 460mil ish down the road after all the hard work is done? We have unhedged cash flows to support the complete buildout! Why in gods name would we need a JV partner now? Once in production McPhillamys will print around 1b a year at current gold prices. How could a JV at this stage provide any meaningful value for us shareholders? Do you think IGO got the better deal for Tropicana or is Regis laughing all the way to the bank now? Regis should continue the cash build, fund McPhillamys, continue to invest in exploration across Duketon, look for there next major project/acquisition and begin a sustainable share buyback program to support long term shareholders.
RRL Price at posting:
$2.76 Sentiment: Buy Disclosure: Held
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