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Regis plays long game with Tropicana deal

REGIS Resources paid well over the odds for its $903 million acquisition of IGO’s 30% non-operating stake in the Tropicana gold mine, but the market can't tell what the asset will look like ten years down the road.

Regis plays long game with Tropicana deal Regis plays long game with Tropicana deal Regis plays long game with Tropicana deal Regis plays long game with Tropicana deal Regis plays long game with Tropicana deal

Just how much it was over the odds depends on a whole bunch of assumptions. But the pundits will tell you it was something like $150-250 million too much.