I'm a holder for many years R3CK. (seeded it in 2005, IPO'd it in 2006)
I'm not selling any.
Bought 200T more this morning at 40c because they are still cheap. (IMO)
When they bring in stage 2/ year 2 production increases, the NPV, IRR and profits per year will go even higher.
Currently envisaging 312,000 tonnes per annum.
This will go to 1mtpa over time.
PFS based on only 20% of the reserve.
And based on 42 year mine life.
There is so much ore here it is a +200 year mine life.
In Western Australia.
100% owned.
T/O Target.
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Price($) | Vol. | No. |
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