https://www.copyright link/street-talk/igo-ltd-s-tropicana-stake-worth-u...

https://www.copyright link/street-talk/igo-ltd-s-tropicana-stake-worth-up-to-1-6b-ubs-20200915-p55vpc

Some brief analysis on the valuation here, written in Sep 2020:

Under fire clean energy metals play IGO Ltd's on-the-block stake in the Tropicana Gold Mine could change hands for as much as $1.6 billion. That's according to analysts at UBS, who re-cut their numbers on the stake's value after this column revealed last week that IGO had tapped Macquarie Capital to take the stake to market. .The Swiss bank's number crunchers said forecast earnings for Tropicana implied a value of $1.2 billion to $1.6 billion for the 30 per cent stake. The remainder of the mine is owned by AngloGold Ashanti, which shapes as the most logical acquirer if a sale is pursued.On a discounted cash flow basis, using a gold price of $US1900 an ounce, UBS valued Tropicana at $1.2 billion.

POG currently ~8% less than US$1900 ($1730/oz)
Tropicana will be a great asset for Regis if the gold price can regain some of that strength it showed in 2020