RVR 0.00% 7.3¢ red river resources limited

Something must happen., page-7

  1. 4,306 Posts.
    Spot on - 20 year old kit that churned away. Very little technical risk compared to a new plant. Yes things will break down and the odd bottleneck will pop up but all very fixable. Mgt and crew are very experienced in Zinc. You will also find most of the on the ground workers were previously working at Thalanga when Kagara were running the place.

    Things went pear shaped in 2011/12 when the POZ plummeted and Kagara could not service the debt they had. Under the new management RVR is debt free and the POZ is substantially higher than when the operation shut down. The current management has also spent considerable time in drilling and exploration to extend the life of the operation. All looks very promising and I expect the odds are now heading in the right direction that a 15 to 20 year operation can exist here.

    All good IMO but DYO.

    Cheers

    slc4me
 
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