This is a copy of a post on HC by an IGO holder (note NAV of Tropicana is or was $818million)..........
"Well done IGO, $85 million premium to NAV.
Sometimes I wonder what the RRL BOD is smoking in the board room. Twice that amount give or take, and another $100m and you can buy 100% of the Superpit last year. Which comes with twice the Reserves and a controlling interest and not a 30% piggy back ride.
A very steep price to pay 130koz a year when you can buy a 80koz mine (with a potential for 130koz given a bit of organic work) for $120m like what AIS did with Cracow"
Kinda says it all
Tropicana, page-48
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