just checked the last reserve and resource information (august 2020 announcement): 3,6 mln oz reserves and 7,7 mln oz resoucources with POG under current A$ 2400,-. With a production of around 360 - 380.000 climbing towards the 400.000 Oz, this means a minelife of at least 10 yrs. What is the problem? You want to see 15 yrs. miunimum coming out of the reserves only. Personally I dont think that LOM is a problem for RRL. If it was a LOM of around 5 yrs I would have agreed with you. I do see that managent was a bit "lazy" the last couple of years about growing the company. I think they have woken now. So wait and see what will be next. At least the startingpoint is a very, very low valued company with extraordinary dividends.
RRL Price at posting:
$3.70 Sentiment: Hold Disclosure: Held
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