Thanks Leeroys, whilst I agree they are in an enviable position to be in production and generating cashflows around 5 years of minelife is not much and this is what institutional investors look at. In the next few months when the project is spitting out cash, the decision will need to be made as to what to do with it. For mine, extension drilling/resource upgrades of the current 5 mines would be the first priority to get the plant to 100% capacity consistently and increase the LOM to 10+ years.
I think RVR have some really great exploration targets and while they should not be wasteful in going after them they need to progress the most promising targets to fund the next stage of growth.
They have done a great job in bringing the mine to production under budget and early so I have no reason so far to doubt they will diligently go about growing the company.
RVR Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
