Once the sale goes through then we can look to see in the next RRL quarterly the nature of the updated forward sales program. I beg to differ about IGO's book being "not material enough to worry about" especially in the short run as they are under water to the tune of in excess of $22 million this year with an $aud gold price of $2400 The IGO March quarterly for Tropicana indicates production of 82,393 oz at an AISC of $2,120. Considering half of the years production has been sold at $1980 then things need to improve from here. The share price languishes for good reason.
RRL Price at posting:
$2.57 Sentiment: None Disclosure: Held
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