Ann: Record quarterly copper production at Thalanga, page-89

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Zeeshan

7,654 Posts.

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14/10/21

23:18

Post #: 56813569
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Originally posted by Zubar: ↑

I bought RVR a few months back, as part of acquiring a battery metals position in my SMSF.

I bought RVR on the basis of its resources (CU, ZN, AU and especially Sb which is what originally attracted me), potential future resources and importantly operational and potentially operational processing plants.

Though the details of the royalties case disturbed me, as I follow the other real achievements quarter on quarter I have a growing faith in RVR's management team.

Compared to other non-producing resource companies, with far higher market caps but no mills and years and many CRs to go before any mining or production, I think RVR has a crazy low market cap at about $111m (at a SP of $0.215).

I can easily envisage, in say 5 years time, commodity prices doing well and RVR with a market cap of over $600m, a SP of over $1 and paying dividends.

I think the main risk is some larger company seeing the value of RVR and buying it at a large discount to its value.

Time will tell, but I think the next couple of years with hopefully Liontown in production and a probably a restart of mining and production at Hillgrove will be, as they say, transformative.

So I'm holding on for the longer haul and waiting for Mr Market to see value and reward us with a SP of at least $1

IMHO DYOR

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is this a post from 4 years ago?

deja vu.

RVR Price at posting: 21.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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