Nice work RRL. It shows that when a gold miner delivers...

Nice work RRL.

It shows that when a gold miner delivers operationally (efficient production with good cost control) there is plenty of margin in the current POG environment.

Various miners SP's were priced for liquidation back in Nov-14. Those that have delivered (NST, MLX, EVN) have already had their EV's appreciate - as other companies have sorted their operations out they too have been re-rated (e.g. SBM).

Now it is RRL's turn. Good news.

I timed my re-entry well ... in large part thanks to Nordesmic, so thanks mate for sharing your research notes

Cheers
John