Thanks for your reply. Agree with your statements.
As Plext stated there has been a lot of additional ore mined outside of the ore resource at lower grades. There was some discussion at AGM in regards to original mine plan being behind schedule ( hence now longer mine life ) mainly due to mining lower but economical grade ore on the periphery of the defined ore resource....hence as mining continues we should see higher mine grades.... the zn.eq has been increasing over the last 3 quarters to support these comments....further I do recollect some overbreak issues in early stoping diluting mined grade.
Obviously the market only cares about the numbers not the excuses.
With the additional lower grade ore mined along with an increased mine life we will never know ( the management would know ) if the original ore body grades reconciled with the mined grades....either way as you say it is not at the resource grade guidance and hence purveys a lack of confidence.
In addition the lack of measured resource, small mines and mine life doesn't attract the confidence of the larger investors, hence the loose register structure RVR has. Whilst this company will never be a Mt ISA Mines going forward I agree management need to address this important issues to improve investor interest.
Wassa.
RVR Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held