What are your thoughts on RRL in relation to the recent purchase of IGO’s share of the Tropicana mine?

I was wanting to get your thoughts on RRL in relation to the recent purchase of IGO’s share of the Tropicana mine? This will significantly increase their annual production but unsure if this will be replicated in the share price, especially as gold prices decrease from recent all-time highs during the economic recovery.

A: Gold price dependent – I don’t think the purchase is in itself a catalyst for the share price unless the price of gold moves higher

 


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