I think many are making the “investment proposition” for RRL on what it paid for Tropicana, however my view is the future total production/cost profile for RRL Vs the current market capitalisation is what makes RRL cheap NOW. I keep repeating this but what is a 500k Oz per annum goldie making a $1,000 AISC margin worth? The Tropicana acquisition is done, it is history but the future cash flows of the company interest me and are material.
RRL Price at posting:
$2.63 Sentiment: Buy Disclosure: Held
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