Not trying to downramp at all. There's a dozen bewildered posters here who have no idea why the stock is being priced by the market like this and I'm trying to offer some suggestions.
What about mined grade? Perhaps the market has concerns about that?
West 45s resource grade is 15.4% Zn eq, with a reserve grade of 11.6% Zn eq. That is fairly similar to Far Wests grades.
But the actual mined grade thus far is 9.4% Zn eq. That is a significant write down, in excess of 20% of the reserve grade! Can the market really trust the company's business evaluation for Far West when West 45's grade is performing so badly? Ah yes, maybe it comes back to the issue with the very low amount of resource drilled to measured JORC status?! I'm no Johnny Come Lately, I brought this up as a serious problem in another RVR thread last year when the stock was at 23c.
RVR Price at posting:
15.5¢ Sentiment: Sell Disclosure: Not Held
