Thanks, i saw the hedging information but i see people like evolution mining also have about 400K ounces hedged. Obviously the hedges are "bad" at the moment but its only one years of production (and as you say they can even stagger the cashflow impact over many years). At the current gold price these guys PE ratio is going to be about 8 - 10? And they have no debt
Anyway its fine was just curious for the valuation discrepancy
RRL Price at posting:
$5.94 Sentiment: Buy Disclosure: Held
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