Yesterday's announcement simply establishes that they have found mineralisation where drilled, it may lead to something bigger or may not but 2.3 % ZINC Eq isn't economic and that grade will be based on today's high prices.
Given the strength of commodities , the likelihood this quarter is almost certain to be an improvement on the previous one and likely some positive announcements in the near future I will be dipping will dip my toes back in today for a partial return... I'm doing that on the basis of a combination of Far West and eventually Hillgrove maintaining adequate cashflow and repaying debt. Liontown will be an expense for at least another 12 months IMO.
As always I have no idea what the shareprice will do or the markets in general but I feel the downside is limited at this stage...
Cheers Whisky
RVR Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
