RVR 0.00% 21.5¢ red river resources limited

Hartleys recommend BUY, page-36

  1. 87 Posts.
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    Hi Wassa you're probably pretty close , it would be nice to know how much of the development ore is going to the Rom pad. The December Qrt has not been treated well by the market as it is hard to reconcile a record production with an almost $5m cash reduction. What we have a a great managed well running mine that has been punished by the POZ during the Qtr. 
    To see the potential of RVR you only have to go back to the Dec Qtr 17 where the POZ averaged around $1.40/lb and we had a cash increase of $6.8m for the Qtr. on about a quarter less production.
    Since that Qtr we are well on the way to a new mine, production is increasing , C3 costs are going down as are Zinc stockpiles.
     If the POZ starts to reflect the supply shortage then the profitability of RVR in my opinion will rerate rapidly.
 
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