I might be wrong again, I've been wrong many times before, but by my due diligence, RRL is a steal at anything under $3.00 and I have put my money where my mouth is, in the last few weeks.
Hmm did you buy RRL when high, around $5.00 Speculator101 ??
How much is RRL,s 30% of Tropicana worth ???
Run the numbers, RRL is about to be taken over. They are way to cheap. Their market share of Tropicana alone is worth todays market cap of RRL.
They have no hedging, an asolute masterstroke!
"Over the last three years, our exploration activities across Duketon and Tropicana (30%) have successfully expanded our underground Ore Reserves from ~360koz to ~535koz while over the same period producing ~365koz of gold. These results, as illustrated in this report, gives us confidence that we can continue delivering in-line with this trend.”
Then you have this beautiful picture below, high grade ore open in every direction
RRL Price at posting:
$1.88 Sentiment: Buy Disclosure: Held
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