Anybody want to recalc the reserve numbers based on current metal prices and achieved recoveries?
Copper(USD$3/lb) - current price of USD$2.75/lb
Lead(USD$0.90/lb) - current price of USD$0.97/lb
Zinc(USD$1.00/lb) - current price of USD$1.14/lb
Gold(USD$1,200/oz) - current price of USD$1,240/oz
Silver(USD$17/oz) - current price of USD$15/oz
Reserve exchange rate (0.85) - current exchange rate of 0.74.
Will we see a downgrade to the reserves for RVR if the trend continues or is it balanced out?
Or it might mean the mining sequence is adjusted slightly to mill higher grades and stockpile lower grades?
RVR Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
