Today's 1.8m unit churn @20c and the last 3 months of churn around 18.5c is evidence to me. In tandem with this, the major milestones that we're all investing for are yet to be met (although very close).
Sometimes it's easier to look at investing like buying a house off the plan. You pay the developer a percentage upfront but you don't pay the balance until the house is built. Right now we've all demonstrated interest with an upfront investment and we're waiting for the house (mine) to get built.
Payable milestones in our project will be as follows:
- zinc off-take announcement;
- resource upgrade announcement;
- commencement of production; and
- increases in POZ.
The price is where it needs to be pending these announcements, each announcement has its own value add that should re-rate the price to the double bagger range if we're being modest.
To put things into perspective, the stock was 11.5c 12 months ago, everything is happening as it should and you should be capitalising on the obvious.
RVR Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held