RICK RULE THINK FEW OF the Aussie gold miners are m&a target.....

RICK RULE THINK FEW OF the Aussie gold miners are m&a target.. RRL is in the $2billion range they mention. Good summary


Market Cap: $1.62 billion

Annual Production: 372,870oz (FY21)

Profit After Tax: $146 million (FY21)

P/E Ratio: 8.44

Earlier this year, Regis announced a game changing acquisition — a 30% interest in the Tropicana gold mine for $903m.

Tropicana is a tier-one asset with a production outlook of 380,000oz to 430,000oz in FY21. It has a current 10-year life with additional upside.

The immediate impact is clear: Regis solidifies its position as a top 5 Aussie gold miner with annual, low-cost production of ~500,000oz per year from FY22 onwards.DY

On the development front Regis could decide on a second underground mine at its Garden Well orebody at Duketon this quarter, while it continues to wait impatiently on government approvals for the 2.02Moz McPhillamy’s project in regional NSW.

DYOR & GLTH