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21.5¢ red river resources limited

Yes we would need a good lift in the price of ZINC in particular...

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whisky49

8,472 Posts.

1155

28/01/19

13:55

Post #: 37241993
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Originally posted by wassa ↑

Not quite sure I follow thiese annualised revenue estimate
of $ 138.5m Most here estimated sales revenue of around
$ 20m for the last quarter.....So 20 x 4 = $80m annualised
sales. That's quite a difference.

Rvr are only selling zinc concentrate tonnage at around
55% zinc not pure zinc, nor pure lead etc.

One other comment for clarity, the development of Far
West is not nearly completed and will continue
indefinitely on incline development. Far West has
only reached the first level of ore which still Is in the
developement drivage stage. It will be sometime
before ore stoping begins hence minimal additional
production ore from Far West.

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Yes we would need a good lift in the price of ZINC in particular to get $138 m in revenue over the next 12 months....it's really a ZINC price in A$ story, and any sentiment shift related to that...at the moment its profitable but with not a lot of room to play with on the downside...

Cheers Whisky

RVR Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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