Those above trying to equate RRL to CMM are crazy. Obviously the hedgebook has been a weight around this company for years. RRL assets are approx 20 years old with a number of mines moving to underground with much higher costs. CMM is approx 5 years old still open pit and lowest AISCs around. CMM also has reasonable growth options with Mt Bulla. McPhil has been any day since 2011. Future mines/growth will also be in better reg environment WA vs NSW. CMM is printing cash with no book RRL basically breaks even. CMM has very solid management that havnt put a foot wrong. RRL management Jury still out. Reason for RRL is valuation is starting to get silly again. Will be watching closely.
RRL Price at posting:
$1.50 Sentiment: Hold Disclosure: Not Held
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