RVR 0.00% 7.3¢ red river resources limited

On the move, page-7

  1. 2,214 Posts.
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    It might be that people like myself have stumbled across this one and after reading and recognising that Kagara held the minesite etc etc etc and spent many tens of millions on it and went broke......not through the potential of Thalanga and Mungana but through their own doings.

    This is and always has been a very lucrative mine. What with the expected shortfall of Zinc (Just check out ***** Metals and have a look at the historic price of zinc and the amounts quoted at the LME in the "warehouse") and the miniscule amount that it needs to get up and running.

    Couple that with the impending closure of Century, no FIFO, experienced workforce from Charters....I'll bet that even a few from Citigold have sent in their C.Vs, electricity on grid, 200km to Townsville, a zinc refinery just south of Townsville, etc etc etc and there you have it.
 
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