Ill keep it brief and be happier to go into detail on the RVR thread. They were transitioning mines (zinc,copper lead) and the development ore reduced grades tied in with low base metals prices you can see the picture. Grades are meant to increase this Q as the new mine gets up and running with presentation by the CEO in early may suggesting they are cash flow positive at current prices (which have gone up since then) as well as the start of development for their third mine Liontown which has a mine life of 5-10 years and is open for further expansion. This tied in with the fact they are about to start production at their newly acquired gold mine (hillgrove) bodes well for a significant re rate as they are half their book value currently. Jump onto the RVR thread and I'll be happy to discuss in detail over there.
ALL IMO DYOR
monday morning, page-18
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,218.7 |
Change
86.900(1.07%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,131.8 | 8,222.1 | 8,131.8 |
| XJO (ASX) Chart |